Ironically, I think monarchies will become even more important to their respective countries in a more intergrated Europe. The institution will provide for national identity and cultural continuity.
No, the monarchies will survive economic integration. They will kind of be like kingdoms within a greater (economic and political) empire (if that makes any sense). Altough they won't have political power at the EU level, they will have quite a bit of power -- cultural and, to a lesser extent, political -- intra-nationally.
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