Annie
Diamond Member
- Nov 22, 2003
- 50,848
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Poor big countries, they've been so used to having the US shoulder the costs for the organizations we jointly belong to. Now they are the 'big ones.'
http://news.yahoo.com/news?tmpl=story&u=/ap/20050313/ap_on_bi_ge/germany_eu_budget
http://news.yahoo.com/news?tmpl=story&u=/ap/20050313/ap_on_bi_ge/germany_eu_budget
Germany Wants to Reduce EU Contributions
Sun Mar 13, 1:16 PM ET Business - AP
FRANKFURT, Germany - German Finance Minister Hans Eichel said in an interview released Sunday that he wants to reduce his nation's contributions to the European Union (news - web sites), citing the burden of paying for Germany's reunification.
Speaking to Focus weekly ahead of next week's EU finance ministers' meeting on the 2007-2013 budget, Eichel said that no country should have to contribute more than 1 percent of its gross national income to Brussels.
"We have an unbelievable amount to shoulder with the reunification, but are still contributing more (to the EU) than we are getting out," Eichel told Focus. "The Irish, whose standard of living is now ahead of ours are, however, receiving more than they contribute. That should not be the case."
Germany is currently the third largest contributor to the EU, after the Netherlands and Sweden both of whom, along with Britain, France and Austria are also pushing for a spending cap.
Eichel also criticized the fact that the bulk of the EU budget goes into agriculture subsidies and Germany, a leading contributor, sees very little of those funds flow back into its economy because it is not an agricultural state.
In addition, Eichel said he would continue to push for exemptions to the 3 percent budget deficit limit for nations using the euro, such as making major infrastructure investments or going through an economic downturn.
Germany, along with France, has violated the limit by running budget deficits exceeding 3 percent of gross domestic product for three consecutive years. However, both are on track to come under that ceiling in 2005.