The Future of the EU and Sino-EU Relations

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Since the end of 2009,sovereign debt crises have erupted one after the other in Greece,Ireland,Portugal and Spain.Until now,the EU has not been able to keep this run of debt crises in check.Anxieties over the future of the European Union and the eurozone are mounting.American historian Walter Laquer has argued that economic decline,diplomatic weakness,and internal tensions could lead to the collapse of the EU.1 Philip Stephens,columnist for the Financial Times,wrote:"At the opening of the millennium the European Union seemed a confident role model.The assumption was that the postmodern multilateralism symbolized by the euro would be exported to rising nations and regions.Now there are questions as to whether Europe itself can hold together."2 This paper aims to understand the current situation and the future of the EU by examining the European sovereign debt crisis and its socio-political impact on European integration.It also analyzes the reasons behind the worsening of the debt crisis,the future of European integration,and China's policy toward Europe.
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