Quote:
Originally Posted by sneaker
The thing is that the EU is much more than just a trade union. Ask Japan if they want to open their borders to any Chinese that wants to enter, no questions asked. Or if they want to subsidize Chinese infrastructure, agriculture and industry. If they want to guarantee for Chinese bonds. If they want to give up on the Yen and lose total control over their own currency. EU and Euro memberships come with a lot of downsides for everyone involved.
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The thing you are describing are Schengen and Euro zone, it's not european union as you can be part of schengen without being part of EU.