Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (21434)	1/12/2002 10:25:26 PM
From: KyrosL	Read Replies (1) of 99280

Zeev here is an introduction to the EU budget: europa.eu.int The budget includes "structural funds" whose purpose is to harmonize the economies of the various EU countries. A little over 1% of the GNP of the EU is devoted to these funds which are distributed according to need around the EU. Countries are contributing to the fund dedicating to it a percentage of their value added tax. Poor regions (which are overwhelmingly in poor countries) get the lion's share of these funds. You can get a lot more info by searching for "Delors package" in Google. That's the French politician that introduced the concept of structural funds. These are not "one time injections." They are supposed to last until the middle of the decade.

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