Message:

<p>[QUOTE=&quot;chrisild, post: 1441736, member: 39&quot;]Yes, that is a major problem in the current &quot;setup&quot; of the euro area and of the EU as a whole. And while I am all for the common currency, I have said and written for many years that a currency union can only work with a higher degree of harmonization. The optimists (and I was one of them) however believed that, once we have the euro, that insight would prevail. Has worked in other cases before - set something up that is not perfect yet, and work on it while it&#039;s running. Think of a bicycle that keeps moving on only if you constantly keep it moving. (Yeah, I know, a bike can go downhill almost by itself. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> ) Whether that &quot;keep moving, keep improving&quot; method will work here, I don&#039;t know.</p><p><br /></p><p><br /></p><p>Yes and no. Or rather &quot;no, but&quot;. The EU&#039;s budget (annual volume about €150bn; the budgets of the 27 single member states combined have a volume of more than €6,000bn) is fed from various sources, mostly from member state contributions according to the country&#039;s GNP. Other important sources are customs duties and a certain share of the VAT payments.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in