It's dying. Thankfully.
Italy is leaving, it's just a case of before or after 2020 (love Italians, hell I married one, but even my bias can't claim they are what you'd call organised!). You've kept enough of an eye on the French to know they're pretty tired of being second fiddle to Germany and there is a loud and growing leave movement. Holland will leave - there's already talk of a North Sea trade group.
The Euroweenies over-reached. They always do in the end.