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The weakness of European economic integration

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The weakness of European economic integration
【Abstract】 EU is seen as the most influential integration in the world. It is not only an economic integration, but also a political integration. Nowadays this integration is facing the serious debt crisis. There are lots of causes for this crisis. The weaknesses deeply rooted in this integration are the main causes. This essay will mainly explore what these specific weaknesses are. Find these weaknesses can help people improve the system and mechanism of the current economic integration in a correct way.

【Keyword】Economic integration; Debt crisis; EU;

Introduction
European Economic Integration---EU With the trend of globalization in all aspects, economic integration is also becoming more and more popular among the regions. Economic integration refers to trade unification between different states by the partial or full abolishing of customs tariffs on trade taking place within the borders of each state. So, economic integration means that one country can better boost its economy. There are now several major economic integrations in the world, such as EU, NAFTA, ASEAN, WTO, etc. WTO is a global economic integration while others are the major regional economic integration. EU is the most influential regional economic integration in the world. In fact, EU is not only an economic integration, but also a political integration. Countries in Europe are highly integrated in nearly all aspects. EU is an economic and political union of 27 member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community, formed by six countries in 1958. So, although EU has officially been established for less than 20 years, it has a quite long history of integration. In the following article, I will only put emphasis on the economic integration of EU. Talking about its economic integration, EU has one prominent feature that other
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