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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (21434)	1/12/2002 10:19:43 PM
From: Steve Lee	Read Replies (1) \| Respond to of 99280

"are the European sharing in the tax collected by all the countries?" Zeev, where have you been? It used to be the UK and Germany supporting everyone else. When Germany was unified, the UK held that coveted post alone. Not sure on the status right now but I suspect it is similar. Of course, the UK (and perhaps some others) abides by the rules while some of the others don't. As someone who has been involved in property dealings in Greece and in negotiations in Spain I know this to be true. The UK follows to the letter the rules that allow equality in all member states when it comes to issues such as employment, import/export, land ownership, farming/fishing quotas etc. Other countries, notably France, Spain and Greece place several years of red tape in the way which makes business on a level playing field without bribery almost impossible for non-natives.

To: Zeev Hed who wrote (21434)	1/12/2002 10:25:26 PM
From: KyrosL	Read Replies (1) \| Respond to 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.