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The majority of EU budget consists of programs such as the common agricultural policy, ERDF and other infrastructure funding which are de facto transfer payment
by PeterisP 7y ago
The majority of EU budget consists of programs such as the common agricultural policy, ERDF and other infrastructure funding which are de facto transfer payments to improve and sustain poorer areas.
- Despegar 7y agoUntil German taxpayers are financing universal healthcare and pensions for Greeks and Italians, those things are marginal at best.
- richardknop 7y agoCorrect me if I’m wrong but isn’t majority of agricultural funding going to France, Germany etc, the wealthy members?
- PeterisP 7y agoWell, they're both the largest recipients and the largest contributors because they're the largest and most populous countries. However, France and Germany contribute significantly more than they receive, and poorer regions receive significantly more than they contribute, so that's effectively a transfer mechanism.