EU has a terrible economy.
With just 7% of the world’s population, the EU's trade with the rest of the world accounts for around 20% of global exports and imports.
Around two-thirds of EU countries’ total trade is done with other EU countries.
Trade has been hit by the global recession, but the EU remains the world’s largest player accounting for 16.4% of global imports in 2011. The EU is followed by the United States with 15.5% of all imports, and China with 11.9%. The EU was also the biggest exporter, accounting for 15.4% of all exports – compared with 13.4% for China and the 10.5% for the United States.
(
http://europa.eu/about-eu/facts-figures/economy/index_en.htm)
How is Europes economy terrible?