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 union, growing, reduction and/or european:
“My whole working philosophy is that the only stable happiness for mankind is that it shall live married in blessed union to woman-kindintimacy, physical and psychical between a man and his wife. I wish to add that my state of bliss is by no means perfect.”
—D.H. (David Herbert)
“... even I am growing accustomed to slavery; so much so that I cease to think of its accursed influence and calmly eat from the hands of the bondman without being mindful that he is such. O, Slavery, hateful thing that thou art thus to blunt the keen edge of conscience!”
—Susan B. Anthony (18201907)
“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.)
“God grant we may not have a European war thrust upon us, and for such a stupid reason too, no I dont mean stupid, but to have to go to war on account of tiresome Servia beggars belief.”