7 ms·

"labor standards" These exist EU wide you know. Additionally money is allocated to poorer regions to develop industries, not welfare payments but still wealth

• gumby 7y ago
  Indeed that’s why I explicitly said “The EU has no such fiscal mechanism...” Edit: oh I see that poor editing on my part implied that labour standards were part of fiscal transfers, a nonsensical connection. My apologies) As a former EU resident of two different countries I have benefitted from EU labor laws. Regional development funds are practically below the noise floor as a part of the Zone’s GDP (and are in fact EU-wide, not just eurozone-wide). Most of the money is squandered (not necessarily through corruption, just lack of macro efficacy) as it’s such a small amount it gets little attention.