Growing Reduction of European Union Funds
Capital contributions from the EU, which contributed significantly to economic empowerment Spanish since joining the EEC, decreased considerably in recent 20 years due to economic standardization in relation to other countries and the effects of EU enlargement. On the one hand, agricultural funds the Common Agricultural Policy of the European Union (CAP) is spread across more countries (the Eastern Europe countries have a significant agricultural sector).
On the other, the structural and cohesion funds have declined inevitably due to the Spanish economic success (since their income has progressed strongly in absolute terms) and due to the incorporation of less developed countries, lowers the average income per capita (or GDP per capita), so that Spanish regions relatively less developed, have come to be in the European average or even above it. Spain gradually becomes net contributor of funds for less developed countries of the Union.
Read more about this topic: Economy Of Spain
Famous quotes containing the words growing, reduction, european and/or union:
“An aged thrush, frail, gaunt, and small,
In blast-beruffled plume,
Had chosen thus to fling his soul
Upon the growing gloom.”
—Thomas Hardy (18401928)
“The reduction of nuclear arsenals and the removal of the threat of worldwide nuclear destruction is a measure, in my judgment, of the power and strength of a great nation.”
—Jimmy Carter (James Earl Carter, Jr.)
“Of course, in the reality of history, the Machiavellian view which glorifies the principle of violence has been able to dominate. Not the compromising conciliatory politics of humaneness, not the Erasmian, but rather the politics of vested power which firmly exploits every opportunity, politics in the sense of the Principe, has determined the development of European history ever since.”
—Stefan Zweig (18811942)
“If the union of these States, and the liberties of this people, shall be lost, it is but little to any one man of fifty-two years of age, but a great deal to the thirty millions of people who inhabit these United States, and to their posterity in all coming time.”
—Abraham Lincoln (18091865)