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:
“You must not pity me because my sixtieth year finds me still astonished. To be astonished is one of the surest ways of not growing old too quickly.”
—Colette [Sidonie Gabrielle Colette] (1873–1954)
“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.)
“Assassination is the perquisite of princes.”
—19th-century European court cliché.
“If in madness of delusion, anyone shall lift his parricidal hand against this blessed union ... the arms of thousands will be raised to save it, and the curse of millions will fall upon the head which may have plotted its destruction.”
—Andrew Jackson (1767–1845)