Economy of Spain - Growing Reduction of European Union Funds

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:

    A new and terrible aristocracy was growing up among them,—the aristocracy of hidden firearms.
    Anthony Trollope (1815–1882)

    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.)

    Long accustomed to the use of European manufactures, [the Cherokee Indians] are as incapable of returning to their habits of skins and furs as we are, and find their wants the less tolerable as they are occasioned by a war [the American Revolution] the event of which is scarcely interesting to them.
    Thomas Jefferson (1743–1826)

    The admission of the States of Wyoming and Idaho to the Union are events full of interest and congratulation, not only to the people of those States now happily endowed with a full participation in our privileges and responsibilities, but to all our people. Another belt of States stretches from the Atlantic to the Pacific.
    Benjamin Harrison (1833–1901)