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what is the weakness of the European Union as displayed in the Greek economic crisis?

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Answer:

The European Union is a unique political and economic partnership that currently consists

of 27 member states

1 Built through a series of binding treaties,

the EU is the latest stage in a process of integration begun after World War II to promote peace

and economic recovery in Europe. Its founders hoped that by creating specified areas in which

member states agreed to share sovereignty—initially in coal and steel production, trade, and

nuclear energy—it would promote interdependence and make another war in Europe unthinkable.

Since the 1950s, this European integration project has expanded to encompass other economic

sectors; a customs union; a single market in which capital, goods, services, and people move

freely (known as the “four freedoms”); a common trade policy; a common agricultural policy;

many aspects of social and environmental policy; and a common currency (the euro) that is used

by 19 member states. Since the mid-1990s, EU members have also taken steps toward political

integration, with decisions to develop a Common Foreign and Security Policy and efforts

to promote cooperation in the area of Justice and Home Affairs (JHA). Twenty-two EU members

participate in the Schengen area of free movement, which allows individuals to travel without

passport checks among most European countries.

Explanation: this is what i got so far

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