Quote: (06-20-2017 01:39 PM)Mage Wrote:
Quote: (06-20-2017 07:57 AM)Foolsgo1d Wrote:
EE is stupid for even joining the same club as Western Europe. I keep saying they should not trust the governments here but they can't easily get out of it.
Not really, up to this point EE countries have arguably gained more from participation in EU then lost due to wealthier EU countries paying for business projects and infrastructure projects of the poorer EE countries.
The funny part is that even the so-called supreme net-gainers like Poland only ostensibly gained a lot:
https://polskaniepodlegla.pl/opinie/item...europejska
You can google translate this article.
Even not long ago I too thought that there were massive gains for the countries entering the EU, but the truth is as I reported before here:
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The national average salary has increased and is increasing quite rapidly since 2004. It is said that this is also thanks to the European Union. Do you agree with this?
Unfortunately, hard statistics show that when Poland was outside the European Union, wages in our country grow up to two times faster. Well, according to GUS data, in 1995-2004 the average gross salary in Poland after adjusting for inflation (in real terms) increased by as much as 56 per cent., While in the years 2004-2014, when Poland was already a member of the Union grew by only 26 percent . But even worse, if we look at the purchasing power of certain products. In 2004. Net average salary could buy 1,358 m 3 of natural gas and transmission, in 2014. Only 1022 m 3 , which represents a decrease of 25 percent. (Poland, the EU did not help in the fight with Russia on lower prices of raw materials). In the year of accession to the EU the average national wage Pole could buy 558 liters of diesel, and in 2014. - only 499 l of fuel (EU forced the increase in excise duties). In 2004. The average net salary could buy 1,200 loaves of bread, 1,200 liters of milk, 112 kg of cheese and 142 kg of beef, and in 2014 only 680 loaves, 850 liters of milk, 82 kg of cheese or 94 kg of beef. As regards cigarettes, in 2004. Net average salary could buy packages of 340 and last - 209.
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Interestingly, outside the Union also grew faster Polish exports and imports. In the period 1995-2004, the value of foreign trade after adjusting for inflation increased by 130 per cent., While in 2004-2013 - only 69 percent. It is worth noting that all EU grants over 10 years amounted to just less than 3 percent. Polish GDP.
So essentially what happened:
+ most of the so-called transfer payments are connected to partly useless and over done infrastructure projects that are usually created by 50% debt - something similar happened in Spain and Greece during the boom years of the EU transfer payments before - essentially most of those projects are useless to create jobs.
+ prices went up more, people's incomes did not rise as fast
+ economic activity adjusted more towards the EU and not the fast more unfettered pace it had before, since most EE economies were more liberal than the EU in many matters
+ however what appreciated tremendously are real estate prices and that is why the people got richer - their purchasing power however went down in general
+ and the debts one day need to be repaid, since most of those transfer payments are just used for infrastructure that does not earn cash in most instances
Even when you look at the billions of payments from the EU - a lot is also being blown back for highly increased costs and a massive expansion of debts that will sooner or later create an austerity spiral a bit similar to Southern Europe. EE is doing better, but keep in mind that a low economic cycle will wreak greater havoc one day. If they have to pay now for enrichment the billions, then it gets tougher.
The EU is one big con and nothing else. No one should have joined in that globalist pet project similar to the private UN. Either way - it is at is.