@Dimitry Medrividev Your spelling is so bad I had trouble understanding you, you can edit your spelling...see the four dots to the right of your post. No, there are loads of economic migrants of a kind no sane nation would want to take responsibility for. Brexit will help us decide who can stay and who cannot.
As A pole i see A lot of hypocrisy in this, however it's the right winged almost fascist government somewhat giving thanks to the people who elected it (almost 100% or euro sceptics voted for the governing party) also remember Poland has 40mil citizens and another millions abroad which makes it so per capita Poland isn't even in the top 5 of recipients (not even counting the abroad living poles)
You believe every chart u see on youtube grt... plus here in Hungary we spend most of our annual income in: Tesco, Lidl, Aldi, Spar, Peny Market... where those money goes think a bit. And mega plus westerners all day long want us get migrants and many other abnormal idea. Please keep your money and let us exist long here, beacause as I see western part of Europe if not change direction soon, will be Africa soon.
It's literally in the video: most of it is spend on administration costs for EU institutions (you know, because it's one of the three capitals of the EU)
@@Jakromha That’s what I wanted to say. It’s a small country, so it’s easy to get the most money per capita... and for good reason. As you said they facilitate quite a few EU institutions.
@White Ness Why do you think they have average IQ? And the assumption that they are middle aged? Never mind the statement that they should not be career minded, but forced the issue? Why they should not be career minded? Is that a British privilege? And what they are forcing?
@White Ness How you know about the Europeans how they doing when you only know them from the tabloids? Don’t be ridiculous! Worse parents than the English you barely can find on Earth! Generations inherit the lack of parenting skills. The wealthy pass the kids in boarding school, so they don’t need to care, the less fortunate just simply neglect or abuse them! You are so hypocrite and ignorant that no words describe how bad you are!
I'd love to see the budget somehow compared to the bonuses the economies have due to being in EU. Only such an evaluation will make everybody understand why the EU exists. If this budget was the whole picture, the EU would have never been created.
@@kkmardigrce that is difficult because depending on what you count as benefit and what not and other such viewpoints the number changes. like the entire rotterdam effect.
@@kalicom2937 I was under the impression the e u accounts were audited but never signed off on. Very dodgy indeed. I hope now the payments Britain made have stopped. Either the e u budget has or will shrink drastically or the richer member states like Germany and France will make up the shortfall? Even more difficult considering Germanies debt became due 2020.
@@Keepingitrespectfulmostly. well its pretty much the perfect time to leave right now, the world economy is going to crash this year, lots of businesses and companies will close. GDP is going to reduce, just unlucky for the net pay companies in the eu, they are going to be squeezed more than ever. But thats ok, im sure Spain, Greece, Poland, Hungary, Portugal, are going to turn their economy around any day now, especially all those tourist resorts and holiday home locations XD
There is a difference between normal migration and flat out running away while you can though. ;) Poland is not doing too well with the crazies we have in charge now. Voters decided they didn’t like complacent corrupt government so they voted in a bunch of loonies that are twice as corrupt and fundamentalists to boot.
@@Throwaway-hj2rr so what your saying is, they are making a mess of things and expecting everyone else to hold them up. So its now everyone elses problem. Crazy. This whole eu thing is just a big joke on countries able to support themselves. Happy times for those that dont. What incentive do poland even have to change ever then. If they can just be supported and funded forever. Seem just a big burden. Perhaps when uk leave they should kick a few states that are just pure burdens to equalise the difference.
@@eoghan5006 so we provide the immigrants jobs, homes, health care ect, but also have to support the rest of their fellow citizens back home too. I think the Uk are having the p/ss taken out of them. Which is why we are leaving. Will only ever get worse in the future too.
I would love you to explain the EU budget, the problems created by hungary and poland, their reasons and everything related to it. Great video, did not watch previous version but this one was really good
It’s an underrated comment. I’m Hungarian and love my country. However I left and it was mostly about the political situation. If I would be the EU, I would rather kick off Hungary and Poland (and everyone who misbehave 😂), than loose the UK. And it’s even would serve the Hungarians too, as they won’t rid off this corrupt government until they are financed by the EU. Now they blindfolded by the crumbles what the FIDESZ throw front of them. As I live in the UK, married an English man I already realised that the UK not much better, so I think if the EU can regulate those countries who doesn’t follow the principles what they signed up for, then they will be just fine. I believe they can do it.
@@fabolvaskarika7940 AFAIK, the problem with Hungary and Poland is that there are 2 of them. Mechanism of kicking people out were consciously excluded to prevent any blackmail attempts, since, obviously, being forced to leave EU is an economic disaster. IIRC there are possible sanctions for misbehaving, but they must be voted unanimously, so Poland and Hungarian governments just cover each other asses.
@@nameoname-c3l Yup. Same with the UN. Middle East peace process vetoed again and again by Russia. Sometimes the very democratic institutions block themselves. Sometimes the dictatorship has its own benefit... and as it is now the right wing propaganda machine powered by Russia use against us our most treasured freedom, the freedom of speech, to spreading disinformation and mistrust in one of the best project of human history: the EU and democracy in generally. But the election result in the US give me little hope that people start to wake up and want to go back into the direction when we aimed a more fair society.
No problem was created by Poland, they would be doing much better but Za Germans shafted them out of war repatriations and now offer handouts in exchange for control.
I applaud you for admitting your first video wasn’t up to your own standards (I didn’t watch it, so I’ll have to take your word on it;) and to redo the video. 👏
@@malaklranal1681 ...and you sound like an uneducated, anti-intellectual clown. Wanna bet which of the two contributes more to humanity as a whole (and makes more money)? Jup.
People are also missing the point of EU investment, and that is that its an INVESTMENT. When a country pays for another country's infrastructure projects, what its doing is putting money into an economy and building it up. In the long run that brings money BACK to the investor.
So true. If you look at poor nations of the EU, they are growing FAST. Like REALLY FAST. Give it 30-60 years and the current net receivers will be net contributors.
@@vitas75 Exactly. Its easy to forget how interconnected we are, the economic output of countries like Poland and Romania does affect and at times benefit people in wealthier countries, like the Netherlands and Germany.
Hungary and Polands budget confuses me a bit, considering they are becoming very nationalist and counter to the EU's principles, I assume it's something to do with the earlier budgets being based on the more stable countries they were a few years ago and it's kind of locked in now?
@@jugoingdanss6546 Ah, shut up you nationalist! If you are such an awesome and big country, why are you even in the "big evil EU"? Huh? Seriously, I am ashamed of how here in the Visegrad four we are so anti-EU while never admitting the huge benefits of membership.
@@matejlieskovsky9625 I dont understand that either. We are basically only benefiting from the EU, but some people still see it as an evil organization that is trying to destroy us. Okay that the NET contributors benefit in some way as well, but they basically fund our projects, without the EU we would be worse off for sure. We should be a little bit more grateful for what we get and stop whining about everything.
@@veghattila2379 I'm reading a book on disinformation and it led me to an interesting observation - the Visegrad four is relatively xenophobic mostly due to its history. There was the whole political mess within Austro-Hungarian empire leading up to WW1 and the independence, quickly ruined by nazis and WW2, only to be followed by the commies and the cold war. We've never really had time as our own nations in recent history and while it has been some thirty years, we still have quite a bit of baggage from the 20th century. I kinda understand that people do not want another multi-national superpower, but we need to accept that even the whole V4 is a tiny speck in this global age. And that is a bitter pill to swallow.
Awesome vid! Would love to see an analysis of the economic response package tied into the new budget. How will the money be spent? What sectors and projects would deliver the strongest economic multiplier? How will stimulus projects be monitored over time to curtail misspending and corruption (which have caused issues in the past)? And how might the loan aspects of the package impact member states with already high debt?
@@namelessking8905 They debate was to stop funding. It would be up to a 15 billion cut on expenses to Poland. You can not expect all the other nations to agree to the budgets if you won´t have democratic rules.
@@adamabele785 - Poland is a democracy. Just because their people said no to open borders does not make them undemocratic. It's the same with Brexit. The people voted for it and the EU along with remainers belittled them for years for doing so.
@@namelessking8905 That's not the only thing they did though: if it was only that then yeah you would be right. But the PiS party also pushed for legislation to control the judjes and constitutional. Plus rampant corruption and nepotism
While *direct* contributions to the budget and *direct* spending from EU in a country would make someone a net-contributor. The actual extra value for every pound actually put into the EU budget has an effect way beyond it. I've seen numbers that 1 pound actually has a return of investment of 10 pounds. Just look at the expected GDP if UK would have stayed in the EU compared to the GDP which is expected with the trade-deal (or the 2% even less without a trade-deal). I believe the loss in GDP over 10 years was calculated to 6%. WAY more than would have been put into the EU budget.
This video was certainly more clear, focusing more on one point to avoid getting messy. It would be interesting to know how the contribution of the countries varied during the years, the UK, for example, hasn’t always been a net contributor.
And Belgium was a net contributor between 2007-2013 and then turned into a net receiver, I wonder why that is, it is not like our economy was hit that much harder than others. Maybe a change is calculation, afterall most of the EU administration is located in Belgium.
@@millhilljimjimmy6731 Total net contribution from 1973 until 2019 was 225.365 bn £ in 'real terms' (in cash terms, not accounting for inflation: 156 bn £). In 2020, the UK payed 8.5 bn £ net to the EU Budget. The UK will also pay the following sum to the EU: 33.4 bn £ between 2020-2064. To put it into perspective, the UK payed an average of 5 bn £/year or 0.0023% of GDP (2019) or a little less than total domestic product of one day.
3:10 The Netherlands contributes the most per person only because they collect EU import duties which without the EU would, in some cases, otherwise have been collected in destination countries.
@@flyguydubai I checked the facts on wikipedia and apparently the Port of Rotterdam had 469 mio. tonnes of cargo in 2019, while the Port of Antwerpen had only 238 mio. tonnes in the same year. For the 2nd and 3rd biggest ports: Amsterdam vs. Zeebrugge: 96 mio. t (2016) to 38 mio. t (2015) Vlissingen-Terneuzen vs. Gent: 33 mio. t (2015) to 26 mio. t (2015)
"Option B" was never a starter - the reason the UK public got a referendum was because the EC rejected calls for reform. If the response to Brexit was then to do what Britain had asked for in the first place, then it would make them look silly. And lord knows, 500+ million EU citizens are going to be so concerned about 1,000 highly paid politicians potentially looking a bit silly that they'll gladly pay an extra €10Bn in taxes... They won't at all be thinking "so what are we paying you €110k per year (plus expenses) for if it isn't to sort out things like this budget shortfall that was already known about 6 years ago and could have been easily prevented?"
@@paulohagan3309 Except "Grabthar's Hammer" is from the movie "Galaxy Quest", so instead of Vikings you should be picturing sarcastic, fleshy-headed aliens. :-)
Look at Poland down at the graph there leeching the most... If my very superficial overhead info is correct, they seem to be going completely off the rails in terms of adhering to EU standards while still gladly taking EU funding. (Don't quote me on that)
and poland is becoming a dictatorship together with hongary. they are like the junkie cousins who keep going to the grandparents for 'study' money. i have been in poland myself a lot over the years and the whole country is kept afloat on eu money. if the spending towards countries like poland stops big parts of the country will fall into ruin.
@@lukel236 unfortunately i have to disagree, while it is true that taking more that what you put in is not an huge problem in it by itself, Poland and Hungary have had a history of going against EU rules and not being punishable for doing so due to the required 100% vote to do so, they kept on vetoing the other's preceding, resulting in a stalemate.
@@lukel236 Possibly, Poland is a large country and has gained a lot from EU membership. That would be fine, if their government actually was a constructive member of the Union. Instead though, they prefer taking steps towards autoritarism, sabotage the EU at every opportunity and yet do everything to ensure their dues are paid. And that's what I don't have patience for any longer. Currently, they are only it it for the money and have no interest in supporting the ideology or advancing the institutions in any meaningful way.
WEF- World economic forum, their annual fee is $600k a year and they have over 5000 biggest companies in the world paying staggering amount of $3bn each year. WEF vowed to help with the green projects in EU and offer all the money they need for their green projects.
I was wondering about Belgium. I see the questions already about Luxembourg. Great, all of them. I feel the UK will be sorely missed as they are far more centre than a lot of other countries. They are BIG peace keepers for a country so small. And that says a lot. China is trying to buy up countries and to buy is to own. Just a nervous person's opinion. Thank you for the great documentary.
The answer is simple: EU institutions are mainly found in Belgium with additional ones in Luxembourg and the main seat of Parliament (where pretty much nothing happens) in Strasbourg. These institutions have running costs: salaries, building maintenance, hardware replacement, security and the likes which amount to a lot. The Commission alone employs 25000 people in Brussels, and they are not the only institution present. The money spent in keeping the institutions running is counted as money spent in the country where these institutions are established despite the fact these countries do not see a cent of that money (not directly anyway). In reality Belgium is a net contributor.
Southern Europe is increasingly going permanently ex-growth, with Italy growing only 0.2% pa from 2009-2019, and Greece shrinking at -2.1% pa. The poor demographics and growing state debts there, coupled with too high a valued Euro, means they will eventually have no option but to leave.
@@AliothAncalagon So, how do you pay for imports with your worthless currency? How is your population supposed to buy gas etc.? Northern Italy's businesses mainly supply German companies. How are those supposed to survive after Italy leaves the EU? Doesn't seem to be well thought out in my opinion...
@@AliothAncalagon most of the countries on this planet have worthless currency, yet you don’t see an investment boom happening there. This is not how it works. Currency is only one of many factors. And doing this to the country which is a net importer, is the fastest way to introduce hyperinflation. Also people seem to think that counties can manipulate their own currency as it suits them. This is untrue and that’s why we have IMF jurisdiction over exchange rate policies.
This gives much better insight into how EU works, tho, I feel like still only small fraction of details. Please, more videos about EU budget and other overall details of EU.
One of the biggest reasons why I voted out was because of net contributions we were paying and most of the other countries simply don't contribute enough whether it's in the budget or economically
So you hate paying tax at all I suppose, because you're not ill today, or have not been burgled today, or don't need your bin emptied today. Great planning.
I think it's because they have a big population of 38 million, while Romania's is half of that and most eastern european countries don't even reach 10 million
II WW burning into ground whole country and nearly half a decade under soviets draining resourcers and destroying ecconomy without marshall plan for it
@@dogblue3817 They are one of the only who have a growing GDP and are almost reaching the level of Portugal in terms of GDP per capita...Your excuse is not valuable anymore!
Something that I found strange is that from 2007 to 2013 Belgium apparently has been a net contributor (and not a small one compared to gni), but this changed from 2014 into a net receiver. Does anyone know why? Did something change in the formula (for example did costs of administration located in Belgium get added to expediture or something)?
Admin cost of EU institutions are reflected in the Net-budget. That's why Luxembourg is in red on the graph. France technically pays more into the EU than the UK but they also host a lot of EU institutions which drops them down in net contributions.
@@mjferroni Yes. They host quite a few. The ECJ, the Court of Auditors, the EU investment bank, Consumers, Health, Agriculture and Food Executive Agency and the Euratom supply agency among others are hosted there.
I voted remain and was told so many times "out means out"," they need us more than we need them",etc etc . Now this video comes out asking "How will Europe manage without the UK" Very well is the answer. With the rebate GB paid in something like 7 billion pounds to the EU,In real terms a bloody bargain, for what it will cost us being outside the EU. An extra 33 billion pounds for the main EU contributors is peanuts with the expected trade run of from the Chinese beltway. At the end of the day the EU bankers are shrewd bunnies and will balance the books, Covid is the set back not the UK leaving,(look at how much they are spending on there Covid refunding package). On the other hand Covid/Brexit for the UK as single events are bad. but as a double whammy this will set this country back years, many years.
I somehow miss a mentioning of the benefits coming from membership, and not just pay-in/pay-outs. Example: the EU has 45+ agencies (EMA, EASA, ECDC, etc.), which do the work for all countries, thus saving each country a lot of money in unnecessary local bureaucracy. Another thing that I know is hard to quantify is the value of getting 750+ trade agreements "for free" as part of the package of membership, and having a "home market" of 450 million instead of just one's own population, thanks to the single market and customs union..
This! The main focus point in England has always been on the binary thinking of budget contribution vs what comes back. Hardly relevant if you see what shared services and institutions you get for you contribution. You don't hear much about what the costs for the UK will be.
EU trade deals. are just EU propaganda on the 100 trade deals they have. Except they don't. They only have 38 most are not done deals there are only 11 of those and only 3 are free trade deals. It usually takes over 20years to obtain a deal with the EU because they need input and approval of 27 Countries.
@William If you cared to study facts, you would find that the EU has some sort of agreements, including trade, with almost every country on the planet. Some are full FTAs, other are partnership agreements, neighbourhood agreements, EBA (everything but arms) agreements (which they have with 51 of the 54 African countries, for instance). Around 20 bilateral agreements with the US, around 120 bilateral agreements with Switzerland.
Erasmus is yesterday's news as the UK will stop her participation. That said I do wonder why rich Luxembourg is a net receiver whilst tiny Malta is short of becoming a net contributor !
I'm even more baffled as to why Belgium is so low on the list. As their northern neighbor i find myself feeling a bit bestolen. Belgium has a good economy, they should atleast have a small net contribution. I am impressed by Spain though I have to admit. I always thought they were big beneficiaries. My expectations were more like if Belgium and Spain switched places on the list.
@@StewieG46 Belgium is probably so low for the same reason as Luxembourg. Brussels hosts many different EU institutions and those cost money which is calculated as money invested in Belgium.
Administrative Spending takes up most of the EU spending in Luxembourg, don't forget that Luxembourg houses A TON of EU institutions, Secretariat du Parlement Européen Comission Européenne Office des publications officielles Cour de justice de l'Union Européenne Cour des comptes européenne Banque européenne d'investissement avec le fonds européen d'inventissement Fonds européen de stabilité financière Mécanisme européen de stability Centre de traduction Agence exécutive pour les consommateurs, la santé, l'agriculture et l'alimentation Agence d'approvisionnement d'Euratom EuroHPC Further the EU is currently financing the building of another institution, namely the Parquet européen. The EU is also financing the upkeep of the buildings that these institutions are housed in: the Tour Alcide de Gasperi, the bâtiments Jean Monnet, the bâtiments Robert Schuman et Konrad Adenauer, etc. etc. Also Luxembourg recieves more money than other countries from the Erasmus program, because studying at the University of Luxembourg is VERY affordable and the semester cost is low. When Luxembourgish students take the Erasmus grant to go study elsewhere they will recieve much more money than other EU nationals would recieve to study in Luxembourg. Luxembourg does pay for the EU. The figures are just distorted because it is a very small country with low population, but housing a fuck ton of EU institutions. That's why Luxembourg recieves more money. They get paid for services rendered, as it should be
I'd love to see a video about how the budget is used, what kind of projects are funded and how much it benefits each member state individually. A video also detailing how each member has grown since joining the EU would also be great, if not only to shut up a certain group of people who believe that just because a nation is a net contributor this means they gain nothing in return.
Hard to find an overview but as I know : A lot of money into aggriculture (guarantied prices, support for small farmers, support for bio-farmers, cheap credits etc.) a lot of money in infrastructure for rural areas (co payment for better streets to connect the rural area to a "market", co or full payments for e.g. building wastewater treatment plants, restructuration of the industry (like wasted ground removal and cheap credits for modern - environmental friendlier industries to settle). A lot of money for sientific research (spend to the universities, companies that are involved in the research - will maybe pay-back later when know-how is used to produce and sell the products (indirect via taxes)). etc.
YOU BRING IN RICE AND I WILL BRING HULL (DUST) THEN WE BOTH JOINTLY WITH LOVE AND AFFECTION WILL SEPARATE RICE SO THAT IT CAN BE GIVEN TO ME IN SOME PROPORTION SAY 30%. NET CONTRIBUTOR (THAT IS YOU WILL GET SAY 70% AND LOT OF LOVE AND AFFECTION)
WEF- World economic forum, their annual fee is $600k a year and they have over 5000 biggest companies in the world paying staggering amount of $3bn each year. WEF vowed to help with the green projects in EU and offer all the money they need for their green projects.
Oh yes please dive deeper into the EU's latest budget agreements! With all that being said, I do think the EU should reduce it's expenditure and learn something from the "frugal four." With the UK finally out, the EU should be a bit more thrifty, even though I do appreciate the EU's help towards Portugal.
There's your problem. Everyone thinks everyone else's spending should be reduced. At the moment, if someone doesn't spend money the economy will collapse.
Spend money to make money. Ask any economist, the fastest way to make money is by investing in infrastructure. Honestly, more money flowing into the three-seas-initiative is probably the fastest way to get the Eastern European nations to make (and therefore supply) more money.
The real solution would be direct taxation by the EU. Then, the mentality would be instead of "my country pays for other countries" "I pay taxes which fund sectors/people/infrastructure"
@@danielwebb8402 the idea would be "I, as a European, am paying for Europe". The EU would need to be thought of as a federal organisation. It's not my state vs yours. at the end of the day, all our states are part of the same "state" of europe.
@@darthcalanil5333 Which is a very transparent and valid position. But the alternative one, of believing in the definition of a nation state, is also valid. Agree direct taxation is more transparent and explicit and therefore democratically valid. Brazilians are part of South America. They don't pay tax to subsidise Ecuador. They don't think "I pay taxes which fund South America." Canada and the USA don't send taxes to the other. But are friendly. Not enemies. Competition between nation states is the single largest reason the vast majority of invention over the past 500 years came from Europe.
If you want Scotland and N. Ireland gone so much have your own english referendum and kick them. It would save them the trouble of doing it themselves.
Most of the increased spending will be targeted at infrastructure investments. Those should pay for themselves over time.The big wedge would over the management and supervision of the funds, but this should sort itself out when it comes to the question: Do you want more money(with strings attached) or not?... usual answer is a disaponted yes.
Well of course there will be strings attached we have no interest in paying for things like Poland drifting deeper into religious fundamentalism and Hungary wanting to relive the glory of 1936.
@@quantumhelix8668 short answer is it leads to GDP growth that is taxed. Long answer is based on specific infrastructure. In terms of green infrastructure - creates high paying engineering/infrastructure maintenance jobs, reduses reliance on oil and natural gas, higher profit margins in sertain sectors leads to more private sector investment
What a ridiculous question. Germany alone had a current account surplus of € 245 bn in 2019. Brexit creates a gap in the EU budget of 9-10 bn €. Or is it £? The Netherlands, Sweden and Austria also have large current account surpluses. => The missing British net contribution can be easily compensated.
Well, that is kinda beside the question. Private capital pretty much everywhere in all of the devolped world are enough to eliminate national dept and just throw money on most crisises that arise every couple of years. That's not done, so it won't be done here either. The real argument for that hole in the budget not being a real issue is that it comes out to less than 20€ per capita. I personally would be quite happy if that hole in the budget would be the biggest consequence, but we all know that more is coming.
One thing I noticed when checking your data with some of my own research, the EU hasn't added a net contributor member in over 30 years. Speaking from the outside, it seems that some of the problems with the budget the EU is facing is that since 1990 the EU has been adding in more and more countries that need assistance, increasing over time the strain and placed on the few countries, most of whom have been around since near the founding of the EU, to help support them. If this trend increases of adding needing countries, especially looking at more countries around the Adriatic applying to join, this will only get more severe.
The original EEC was a small handful of Western European countries when the UK signed up. If we'd been told in 1975 that within 30 years it would be 28 countries, almost all ex USSR, and a political union with a flag, a single currency and free movement we'd have run a mile. We didn't get a chance to til 2016 and we took it.
@@inquiring8059 You mean our elected Governments did. The ordinary citizen wasn't given the chance to vote on all of the subsequent Treaties of the EU. Some will say this is why we have elections, which is true, but some will say it only allows the elite and politicians to pursue their own agenda. I don't think it was a coincidence that most MP's and globalists were EU supporters. As it turned out, most UK citizens, including this one, were not and the 2016 referendum finally gave us a voice that was, in the end, listened to.
They've added consumers to the single market. There was never a real drive to improve the new poor EU countries. All that happened was the destruction of whatever independent economies those countries had in favor of EU corporations. Fuck the EU.
And Scotland wants to join the EU if they leave the UK, when Scotland is nearly £30 billion deficit to the rest of the UK each year, so in other words, they would be another net beneficiary.
I'm not trying to sound heartless here but they deserve to feel the hurt. Considering what they've done I'd like to see how long they keep giving the finger to democracy when the EU stops helping them. (Edit). I've just got a new idea. How about there are some revenue increases but the EU saves costs by cutting back from Hungary and Poland?
That's why it's a good idea to link the budget with the rule of law - it gives at least some kind of a framework to deal with emerging authoritarian governments throughout Europe - which all by itself is crazy, and there's already two of them - what gives? We'll see how successful it is
Great video. I would love to see a video on the benefits of the net contributors. I am from Austria, and i am seriously struggling to see the benefit of being part of the EU, while living right next to the Swiss and seeing next to no downsides for them. Only one I can think of is that they are not part of the roaming tariffs (insanely expensive if you have roaming active while in the Swiss :P )
Swiss as some deals with the EU. Is like not being part of the EU but still enjoying the party ahhaha. There are a lot of good reasons to be a net contributor and what as a key factor on being a net contributor is exports within EU countries. Net receivers countries import goods and services from the net contributors, meaning that even if they pay more they will get it back into their economy and companies. Is a cycle: you export more -> you will contribute more -> generate money from exporting
@@tiagofernandes574 The Eu imports goods and services from the US, China, Swiss, etc. So clearly That cannot be the reason. Before joining the Eu (20 years ago) we had just like the Swiss contracts contracts with them and other nations. So I really don't see that as a good enough reason. Like all I see is that we have obligations due being part of the club (e.g. not being allowed to control the import of shitty cheap meat, or Germans freely enjoying the benefits of our universities and leaving right after never contributing to the system). As I said, I'm really struggling to see good reasons to stay with them. Like lies they told before we joined. "We will fight tax havens, and there certainly won't be one within the EU" my favorite lie they told.
10 Billion Euros is roughly the cost of a cup of coffee for each EU citizen per month, or just 10 miles of HS2 railway track. They may not struggle too hard to fill such a gap
I'm more curious of how long they estimate it will take for the countries that contribute less than they receive to become profitable and what projects specifically are being proposed and executed to achieve this. Because I assume that is the end goal so that eventually all nations profit from this deal.
Don't forget that countries from the down part of your list have lost their crucial sectors like FMCG, mining, tourism, meat production (99% was taken by Germany and France capital and they usually don't pay any corporation taxes there) This has much higher and longterm value than QE notes printed out by ECB...
It is the net-contribution/gain. All countries pay in the budget and all countries revive EU spending. The money is not send to the government of the member country but to projects with EU approval. The lower the GDP of a country the lower the lower the EU contributions. The larger the number of projects founded by the EU the higher the EU spending.
They had a lot of catching up to do after the Commies were ejected in 86. Poland was like a third world country just 30 years ago. I watched a government builder paint the outside of a community housing block using twigs as a paintbrush, and making his own scaffolding from wood which he nailed together to reach the fourth floor. We came out one morning and it was all across the road. It wasn’t even fixed to the building at all. I don’t really begrudge the Poles a penny, but as far as the other Eastern Europeans .................💩💩💩💩💩
Because the are falling behind the rest of the EU with regard to growth. Which in turn is because they have an authoritarian government which makes people vary of investing there.
The UK got all the benefits of being in the EU the last 30 years but never really committed or was able to bring any positive change. The 10 Billions will come in as tariffs and won’t hurt the EU. Furthermore the UK has to invest in their infrastructure to ensure it can import all the goods they require. Transport companies already avoid the UK because it is such a mess over there and nothing is prepared (custom etc.).
@@abbersj2935 Play the ball, not the player. The EU is the continuation of Germany by other means. The British need to get back to playing their own game on their own terms.
@@susannamarker2582 Most Brits never understood what a fiscal equalisation scheme is, how it works and why it benefits contributors as well as receivers. Your companies earned more money being part of the Single Market in comparison to not being in. And that money was worth multiple times the British contributions. The contributions are used to sustain and develop the home market which the Single Market is for EU member states. It's actually not too hard to understand.
@@susannamarker2582 Yeah that's nonsense! Which Germany are you even talking about, Nazi Germany or current federal republic? But I guess you're ignorant enough to see both the same. And I also assume you didn't even try to understand what I said about the contribution system.
@@AdamFitton But if what like you said happens, where Poland will get less net support then the EU would be a lot less necessary for them so there's more reason for them to leave not just political but now economical as well.
It will happen if we kick out our current gov before they make more damage. It's not an exaggeration to say that PiS (our main party) has fascist tendencies. They use public television to make everyone who doesn't agree with them a literal nazbol. It's not a joke. If you're a feminist, gay, anti Catholic or just protestant you'll be called both a communist and nazi Which is just straight up projecting. They hate "others" just like nazis did and use soviet propaganda to brainwash people I want it to be some kind of leftist propaganda but then I watch public tv news and I know how bad it is
Very interesting. Do you have analysis on whether Scotland could afford independence? I’ve heard many rumours one way or the other but nothing concrete.
I don’t know how it’s possible to calculate unless you know what the situation be regarding the currency used? Again, conflicting reports on whether Scotland could / would keep sterling or be able to join the Euro zone. Or invent a new currency.
@@chickenandmushroompotnoodl3180Even if Scotland claims independence from the UK. It does not mean it would be able to become a Euro zone member. Spain has been quite clear that they will veto any try of Scotland (or any other region) to separate from it's current home nation and then request to become a EU member. Not so much because Scotland but more do to there internal affairs with both Baskenland and Catalan aiming at independence from Spain.
@Jerry O'Sullivan From my point of view, I think Scottish independence has too many variables to be viable at the moment. Apart from the currency, you have 19% of exports going to the EU, 21% to the rest of the world and 60% to the rest of the U.K. So if you think the Brexit deal is bad on 19% of your exports, then you would flip it to being bad on 60% of your exports for Independence. I’m all for self determination but Scotland had a referendum and whilst everybody accepts things have changed, it seems like economic suicide from my perspective. But I’m no expert. If I were the SNP I’d push for a referendum on a more realistic time frame, say 5 years to see how the cards fall.
This video seems to present both sides of the "coin" so to speak. Thank you for a well balanced and fair summation of a complex situation. I look forward to more of the same.
yep but no it is completely biased ! saying it is not fear mongering but it was making video about how fucked the EU would be without the UK yet those contribution number seems big for you , but it is literally peanuts to EU states it is like for you having to pay 1 extra cent when you buy a car
people are already critical of the Euro (common currency) whos benefits are clear, introducing "a centralized tax authority" would incur in strong oppositions
@@diegoyuiop small steps, if i'm not mistaken some of the founding for the "next generation europe" projects are taxes collected by the EU for the first time, they are small but will require the founding of a new administrative organization... at least that was what was proposed, haven't kept up to date with how it was modified to actually pass
I don't know why 27 intelligent nations could not work their way out of it ! After all it's only a 10 billions € gap per year. For an economic bloc with a gdp close to the US, it's not that much.
@@skiteufr yes but seeing the UK prosper from leaving may encourage other net contributors to leave too. Just because you have other sauces of income doesn't mean you're safe
It was suppose to happen but those backward countries just does not know how to do budget. This should have been a requirement for them to remain in the EU.
@@JamesBond-lk7pj Funny thing is they did, up til 2005 Poland was a success story in Europe. Then the PiS took power and they have been increasingly been lagging behind ever since.
Italy meanwhile getting shat on by northern countries like all other countries in Southern Europe despite being a large net contributor and the eight country in the world by nominal GDP
Because people in the North have the impression that the Italian government doesn't even try to keep to the stability pact. They have the impression that they have to save on public expenditure just to ensure southern member states can spend with abandon. As is often the case, the truth is more nuanced. But there is enough truth in there to understand Northern frustrations. Just as it must be frustrating to Southern Europeans when Nothern frustrations results in a reluctance to support each other in times of need.
In my view the EU made a mistake by expanding east too quickly. They should’ve created a free-trade zone with the countries of Eastern Europe and when they reach the standard of Western European countries in terms of mature democratic structures and advanced economies, then they should have joined the EU.
Taking aside the fact that Spain had a dictatorial regime till 50 years ago that divide society and polarized the parliament undermining the chances for national plans supported for all political actors, the fact that is a service country (mostly touristic) with a poor industrial net, that have a big history of corruption, tax evasion and misgovernment. Taking all of that aside, I will say that the biggest reason is because a huge part of EU budget goes for agriculture subventions and Spain have the biggest seasonal agriculture of the whole UE. But I cant guarantee you that the individual effort of the Spaniards is as big as the laziness and corruption as their politicians and institutions. "La siesta" is a myth.
@@pedrotimon7212 that may be true but it's still the 5th largest economy in Europe. 4th largest in the EU. 4th biggest out of 27, you would expect it to be a net contributor. Even with things like CAP, perhaps not the 4th biggest contributor then, but still a net contributor.
I have to admit the Brits are much better at 1)breaking complex information down in 'digestible bits' 2) transparency. I'm Italian what we are fed by the media in Italy, it's that the EU wants to get rid of us ASAP, whereas I just found out we are a net contributor. I don't think we benefit that much from being the EU, during the 10's people just migrate massively abroad, because of lack of jobs and unemployment. Then 'surprisingly' Poland is at the bottom of the list, the same country which has the highest growth within the EU. Things are unbalanced, the English, sharp mind in terms of commerce knew it, they split. The only thing I blame to the Brexit Campaign was the xenophobic tone of their propaganda, rather than explaining the real reasons, such as those ones illustrated in this vid.
@@fidgetykoala Agreed. A big topic was migration but the UK economy is built on low cost labour migrating from outside the UK. It is why our ethnic populations are so high. So, yes, we control, who comes in now but we will have to relax the rules to let in enough people to keep the economy afloat. We will be exactly where we started, just the doors will be open to everyone, not just those in the EU. p.s. I run a company and have recruited a very large number of people from the EU and intend to continue to do so, if I am allowed to, since I cannot find Brits that have the required skill set.
@Bodhi uum no, i dont know where you got these ideas but the EU was originally intended to fuse the european market together and make it impossible for one country to step out if the line or start a war because the entire continent depends on each other. i also dont see where this tries to put germany in the big boy leagues?
It was explain (in a roundabout way) at the start of the video. The formula takes into account VAT collected, and Luxembourg being a tax haven doesn't collect a lot of tax.
They make their money by offering tax avoidance schemes, low business rates and headquartering services to Multi Nationals and Internet companies who hide their profits from major markets by funnelling their profits through their low tax schemes. They are a parasite economy, Ireland offers the same services. This is why they both hate brexit and the weakening of the EU, it threatens their free income schemes. They don't actually make or sell anything and they're a small, low population country therefore they don't pay much VAT into the EU while taking a full range of grants, investments and benefits.
@@elvangulley3210 yopu are sooo off. those countries have always been conservative. they just keept it cool untill now, when they got enough foundings and see how they can do as they please and still receiving. Apparently that will change soon though.
With Portugal, Spain, Italy, and Greece collapsing economically, I wouldn't say that they could afford losing the UK, but they do not like to admit that so they say everything is alright, but I don't think so.
The EU needs to deal wit the corruption in some of its countries first. Until it does, everyone will feel like money is just disappearing without real investment in the continent (which is just the case in some countries). I really hope they spend big and lead the world into meaningful progressive change, but those results are unlikely to be seen in the countries that need it the most because of corrupt officials that the money ends up going to instead of qualitative infrastructure and economic projects.
Yep but this will mean more rules on spending EU grants and more EU surveillance on said spending. And a lot of countries, mostly the countries in question, are opposed to this. The EU is not meant to deal with national corruption yet, but they definitely should on corruption regarding EU spending. But this seems to have become a bigger point in the EU politics now with the covid care package on its way, especially the frugal four are pushing for surveillance on the spending of it if I remember correctly.
National corruption is not an EU competence. And he honest, every country has it level of corruption, some more visible than others. Plenty of examples last year visible in the UK as well.
@@ab-ym3bf I agree, I'm not trying to punish the countries, I'm originally from Eastern Europe myself. I just wish the EU would do something about how little of the money reaches the little folk.
@@ruud9761 I honestly hope that the EU becomes a federation (at least now while they are more progressive than individual member states). It's embarrassing how many countries are still held back by old corrupt leaders. There's so much gate keeping in gov positions because although the old regimes fell, they still got to orchestrate who stays in power through nepotism and it's a problem to this day.
@@MaSilvie agree when you state it that way. But the problem. The EU has is that the moment they do anything about it there will be a lot of people screaming that the EUnisnintergeringnin a national competence. Whatever the EU does, it will never be enough or good for a part of society
Wow, 12 minutes video to tell me when someone will stop paying the other net payers will have to make up for it or the net spenders will have to spend less.
Well apparently the U.K. got loads from the e.u so remainers say so just redistribute the money that the U.K. apparently got unless your saying that the U.K. actually had a bad deal
A country of 50 million people having to cough up 10 billion euros would require each citizen to pay an extra 200 euros per year. That's slightly less than 17 euros per month, or 60 cents per day. Assuming two out of three people pay taxes (with the third being a child, or indigent), that would come out to less than a euro per day, otherwise known as a coffee. However, the EU isn't a countryof 50 milion people, but a union of half a billion people, so that comes out to less than a coffee per week. Granted, this is in addition to the pizza and coke we are already paying for, but considering we would not otherwise have the restaurant,I think the gentlemen in the fancy chairs should try to make less noise,instead of Trumping up the situation.
It was the Italian Leonardo Satellite that was working on doing fraud with the Dominion Voting Machines, Italy, Germany and the Vatican were the mechanics, China and mi 5 were there also, but not with my say so, damn the NWO.
It’s not €10 billion euros for the most part it’s far more when you consider inflation, investment and interest, PPP. And the bill isn’t being footed by half a billion. It’s being footed by 5 countries a total of 150 million people. On top of raised Taxes. New ‘Green’ taxes .Cost of living and economic damage from covid. You can’t compare it to coffees or shrug off the damaging situation the EU’s goal of economic warfare on Britain has left everyone a penny shorter then neccesary. Economies like Italy, Spain, Greece and Poland will need more sponging then ever. Infact I remember the first meeting causing Out rage the 2018 summit when The new budget was announced.
@@jugganaut33 I wonder how much the next cross border war will cost the EU or UK when this wheel makes another turn or two? Or how much it will cost to repair the eastern approaches to the Fulda Gap after the butcher's bill of repulsing the Russians is paid. Until the EU, various European nations have been at war with each other virtually constantly since Henry the VIII's time- just stopping that was worth something, wasn't it?
There really is no reason to consider inflation and interests. That only applies if you are paying tomorrow with today's money, which is exactly what us being avoided by not asking for the money until it is necessary. All member states are contributors and all will contribute, not just the 5 top. The 5 top simply won't get that money back later on. The rest will get less of their money back. Half the problem of course is the curious fixation the economy has for making money magically appear and disappear. If we could fix that, and stop rewarding paying today with tomorrow's money, we might finally get rid of those boom/bust cycles, but given how profitable they are to those who already have more money than they could possibly spend I do not expect that to happen anytime soon.
@@o0alessandro0o Thank you for shedding some light on the process. I'll need a moment to digest your comment- the US has some of that same "fishy business" going on as well. Thanks again for your input!
I suspect that I'm not alone in finding it difficult to imagine sums of money in the millions, billions, and trillions. If you do make a video on the EU budget (please!) then I hope you'll be able to help us understand amounts which to most of us find mind-boggling.
It usually helps to speak in per-capita terms. The EU-27 has about 500 million people, so every billion is 2€ each. UK is roughly 50 millions, so 20€ each. If we were talking Malta with 500k people, one billion would be 2.000€ each.
In general, the trick to understanding big numbers is comparisons, including visual comparisons like the graphs in this video. When the ratios are too extreme for linear comparisons, logarithmic scales generally work well. Speaking as a science nerd. Per capita numbers are a comparison that can be useful, but not for everything; e.g., Liechtenstein and Luxembourg may be the richest countries in the world per capita, but don't let that fool you into thinking they're a big part of the world economy. To get how big a part of the world economy something is you would compare it to the whole world economy as a fraction/percentage or in a pie chart; you could also compare it to other nations, or companies, sectors, individuals, etc.
I'm Greek and I'm very ashamed about our economic dependence on other EU nations. That said, Am I the only person that was surprised that Poland and Hungary get a lot more money than Greece (an economically ruined country) gets??? I'm not judging, I'm just surprised. Also, it kinda makes me happy to know that we are not the biggest burden of the EU. 😅
it's not you, it's the greek government who was basically doing it's people wrong by borrowing too much money just because borrowing with Euro is cheaper than with Drachma. Now the Greek people have to suffer because of it.
90% of the students in England are EU citizens, and now with the brexit the taxes doubled so most of them will opt for univesities in other countries of EU. In 5 years alot of the universities in England will be closed due to lack of students and income from that students
Could it have anything to do with Jean-Claude Juncker? Finance Minister of Luxembourg 1989 - 2009. Prime Minister of Luxembourg 1995 - 2013 President of the European Commission 2014 - 2019
@@joaofernandes2827 Oh Please!!! nobody put the gun on UK head to join the EU....they did when was convenient for UK...in any case blame your politicians ....not the EU
Oh yes more in-depth videos on the EU budget, personally I think that they will eventually work it out there will always be tension but that is a good thing. I am from the Republic of Ireland. As you may know, we always took more money out of the EU than we put in until the last decade now we are a net contributor and that is as it should be.
@Oliva RobustoRobusto Ireland even now will be a net contributor the same as the other countries paused temporarily due to COVID-19 the same as all the other countries as they are all getting extreme amounts of money from the ECB.
It has been said many times before but bears repeating; If the EU had ever been a common market for the mutual benefit of paying members and had not become a political project (particularly one full of gravy train corruption) then GB would have been a willing participant. Powell recognised the political superstate ambitions and warned of them in his book The Common Market, the case against. It is actually irrelevant how well or badly the project fares without the UK, those who wanted to leave wanted to leave on principle, the nation state responsible for its own destiny and able to make its own decisions for its own benefit
Britain did not leave Europe. Still there. It left the EU which has nothing to do with Europe. Come on lads, you remember from primary school, one is politics and one is geography.
And the new EU buget was already agreed - most of the problems with UK leaving before the end of the 2014-2020 budget were solved by the UK leaving at the end of the period. Really a non-topic, this video.
What I'm taking away from this is that the UK screwed itself over in two ways: 1. They suffer from major shortages right now that may cause some serious turmoil in the near future. They were more reliant on outside resources than they thought and don't have a plan to cover those up. 2. They still have to contribute to the EU's moneypool, one of the reasons they wanted out in the first place. Brexit was a disastrous idea, and I sincerely feel bad for everyone that did or couldn't vote against it, mainly most UK residents under the age of 35 that will suffer the most from this.
Mate it isn’t a shortage we have a shortage of drivers to take the product to the places we need them to be but I was anti Brexit it’s a daft idea and only disunite Europe even more
They're probably pulling a similar scheme to Hungary, funnelling the grant money to infrastructure into private companies held by friends of the government.
I mean we opened our businesses to European companies which now have near monopoles in many sectors of the Polish economy (Press, Supermarkets exc.), its like EU (Germany and France) is paying Poland to pay EU companies to build roads for EU trucks to send EU products to EU owned shops so at the end of the day most of the money goes back to Germany and France and Polish companies have problems to contend. And what conservatism has to do with the EU money as far as I know its not Social-Democratic European States, wasn't the reason why UK left EU a fact that EU became more like USA with its tendencies to create one big country. Why we all need to bow our heads to Germany and France who now control the EU to get money which wasn't a thing when we joined? Additionally a lot of Germans and a German government thinks that EU money that Poland gets is in form of reparations for World War 2 that we never got payed for because as soviet puppet we renounced them (so in reality Soviet Union renounced them) which in truth was just a way for soviets to not payed them as well.
@@Tyanus2 I don’t get why it is a argument to say “we didn’t join for a European state”. Even Winston Churchill said “We must build a kind of United States of Europe”. This was and is the plan of the EU. Now saying that’s your problem with EU is like joining a gym club and declaring sport activities as a problem of this club. And Churchill (pm of the UK) isn’t the only one who said that before.. Konrad Adenauer (chancellor of Germany) for example.
We're coping brilliantly with it the constant whining and grandstanding of the English and Welsh. Scotland is welcome back as soon as they declare themselves an independent country as Ireland did
The UK's net contribution fluctuates from around £9 billion to £12 billion. Add to that around £5 billion per year in VAT and around £15 billion in import tariffs. Now you might start to understand why the EU needs to cut is 7 yr multi annual budget . So the EU has lost around £30 billion a year from the UK leaving... Not laughing now eh especially when the countries lining up to join include Kosovo, Albania, Montenegro etc...Oh the riches they will bring.......Lastly Italy is financially fucked and capital flight from Italy to Germany in the past 18 months has reached around €200 billion . Word of advice , I wouldn't have any financial stake or currency in Italy which by the way when it goes pop will leave Germany alone holding €200 billion of worthless IOU's from Italy in Target 2 (You might wanna look that up) . The Bundesbank will need re-financing by the German public who will go mental. lol Don't worry about the UK worry about Italy going broke in the next 12-18 months..
@@adriansams6066 Sorry , but all UK VAT goes to the UK.. The only obligation was a minimum of 5% to stop members undercuting each other. As the UK government really, like REALLY, needs its VAT income, it was a good thing we couldn't be under cut.. As for your other figures.. They are nonsense.. Our gross pa payment was £13 billion and the supposed net figure of £8 was in fact much lower as it included the likes of Euratom (which we continue to be in and pay into), EU data bases and the EU GPS satellite scheme, etc. . In respect to the EU satellite scheme, having been forced to abandon our own scheme .. I confidently predict we will soon rejoin the EU one. ... As with Euratom, sometimes it really is best to be working together! 😂
@@adriansams6066 Italy has been predicted as going bankrupt for decades.. Hasn't happened. I agree the Euro was introduced to hastily and needs reform but it has proven remarkable resilient. Even the Greeks don't want to leave it. Maybe from. experience they realise that a constant depreciating currency is not the path to prosperity.. I do wonder why most Brexits think that if we had joined the Euro why we would now be more like Greece rather than Holland or Germany.. But, we didn't join.. With all our opt our we were essentially just members of the SM plus a few xtras like EU health cards.. And the SM was great for the UK. We pushed for its creation and it was and is the only large market that had such unrestricted access for our best export, namely services.... And there was no £15 billion on tariffs...sheer fantasy on ur part..
@@pyellard3013 The EU along with successive Italian Government kicked the can down the road by tinkering with the problem without addressing it. the same thing the EU did with the Euro,Migrant crisis etc. Sooner or later the issue has to be addressed or it blows the Eurozone part. That position will arise within the next 12-18 months. They have run out of road to kick the can down ,hense why €200 billion in capital flight in the last 18 months. The simple reason why the Euro has survived is because Germany has continued to support it and now we have the ECB printing money. Printing money (Quantitative Easing) is done by a Federal Reserve, Bank of England etc and the ECB was never set up to print money which even a schoolboy level economics student would know is debt. So the ECB prints money/Debt which is now owned by the frugul countries such as The Netherlands, Germany.Austria etc and they are not going to pump more money into the fuckwit,lazy Southern EU countries. Regarding the Single Market, with respect you really don't understand how it works. the Single Market was not good for the UK because its a protectionists system. The so called free trade is nothing of the sort. The CAP for instance subsidises inefficient French farmers and has done for decades.The Pro EU lobby claim food produced in the EU is cheap when in reality its not because even today alomost 50% of the entire EU budget goes to farmers. The health standards are awful and it uses tariffs to make prducts produced outside of the EU expensive for EU citizens to buy.... Sorry matey but the EU and its Euro currency and it's protectionist system is shite.. Now tell me something if the EU is so fabulous why is it's share of world trade falling every single year?. If the EU is such a great idea why is it only poor countries wish to join it?.. Quote : " With all our opt our we were essentially just members of the SM plus a few xtras like EU health cards"... Utter and complete bollox. Only around 8% of UK businesses dealt with the EU but 100% of UK businesses were forced to accept EU bureaucracy.. You're talking bollox and whilst you do that we will sit and watch Italy go bust and the EU fall apart. What will happen is Germany will leave the EU but probably after Italy has left the Eurozone... lol if nothing else you made me laugh so cheers for that..
Sure you are right, but expect the Polish-Hungarian Veto Club to stop this from happening also in following years. Ceterum censeo Unionem Europaeam esse delendam 😈
@Αναντάμ Παπαντάμ Let's hope not. Despite I passionately hate the EU, never should this repeat in Brussels - or anywhere else in the world - what we saw from DC this week. There are peaceful ways of protest. Violence never is a solution.
@@MirkoC407 Do you realize that "government" is a gang of people taking the monopoly right of violence and aggression to others? Hence; "Government never is a solution". For the record; I agree with you...
That’s what I never understood.. as a net contributor, like other net contributors, like Germany and The Netherlands called the shots, but the UK couldn’t. What went wrong?
@@oudediepje862 I don't think D or NL calls the shots. Rather, they pave the way to compromises with their money. And PL and HU and the likes got used to complaining and bitching and being a nuisance while still knowing that in the end they can blackmail the EU for more money.
Looks like Europe has 1 GB free space now
that's a really good one
Take your upvote and get the f out
More room for the refugees then!
U nearly killed me with this one 😂🤣😂🤣😂🤣😬😬😂🤣😂🤣😂🤣
@Dimitry Medrividev Your spelling is so bad I had trouble understanding you, you can edit your spelling...see the four dots to the right of your post. No, there are loads of economic migrants of a kind no sane nation would want to take responsibility for. Brexit will help us decide who can stay and who cannot.
A video on Poland and Hungary would be nice. Seems like they are getting the most money from the EU, while also being its largest critics.
As A pole i see A lot of hypocrisy in this, however it's the right winged almost fascist government somewhat giving thanks to the people who elected it (almost 100% or euro sceptics voted for the governing party) also remember Poland has 40mil citizens and another millions abroad which makes it so per capita Poland isn't even in the top 5 of recipients (not even counting the abroad living poles)
How is Poland a critic of the EU??
I give my salary to my wife in full and she still moans for everything ___
You believe every chart u see on youtube grt... plus here in Hungary we spend most of our annual income in: Tesco, Lidl, Aldi, Spar, Peny Market... where those money goes think a bit. And mega plus westerners all day long want us get migrants and many other abnormal idea. Please keep your money and let us exist long here, beacause as I see western part of Europe if not change direction soon, will be Africa soon.
@@jozsefnagy5092 well said ,
Good on you guys for embracing important vulnerability and admitting you could do better, then improving and moving forward
Don't give EU sweet f/a we gone & good ridenc
@@michaelkeith7389 I think he was on about TLDR News not the EU
@@michaelkeith7389 Hope you enjoy the breakup of the UK pal.
@@sammie9999 We have always footed the bill for poor Scootland !
@@jameslebron2403 yeah I’m already looking forward to us in England to stop paying for all the Scottish.
Why in the flying heck is Luxembourg a net recipient?
It’s one of the richest places on Earth.
It's literally in the video: most of it is spend on administration costs for EU institutions (you know, because it's one of the three capitals of the EU)
Their pig farmers deserve a new Sty
@@Jakromha That’s what I wanted to say. It’s a small country, so it’s easy to get the most money per capita... and for good reason. As you said they facilitate quite a few EU institutions.
@White Ness Why do you think they have average IQ? And the assumption that they are middle aged? Never mind the statement that they should not be career minded, but forced the issue? Why they should not be career minded? Is that a British privilege? And what they are forcing?
@White Ness How you know about the Europeans how they doing when you only know them from the tabloids?
Don’t be ridiculous! Worse parents than the English you barely can find on Earth! Generations inherit the lack of parenting skills. The wealthy pass the kids in boarding school, so they don’t need to care, the less fortunate just simply neglect or abuse them! You are so hypocrite and ignorant that no words describe how bad you are!
⬇️ we who want a video about the EU budget!
I'd love to see the budget somehow compared to the bonuses the economies have due to being in EU. Only such an evaluation will make everybody understand why the EU exists. If this budget was the whole picture, the EU would have never been created.
YES!
@@kkmardigrce And yes
@@kkmardigrce that is difficult because depending on what you count as benefit and what not and other such viewpoints the number changes. like the entire rotterdam effect.
Yessss it would be very interesting
I can’t believe how much money Luxembourg gets out of the EU. It is the richest country in Europe per capita
I think it's because the EU holds the institutions are located there. With not so many inhabitants the balance is easily flipped.
its where all the politicians stash their money.
Can’t believe how many grants the UK got from Europe
This video is bull!!
A nice country for working
Yes, I'm interested in a more in-depth analysis of the EU budget.
The EU never publishes it accounts. It can't. They never add up due to the corruption.
@@kalicom2937 I was under the impression the e u accounts were audited but never signed off on. Very dodgy indeed. I hope now the payments Britain made have stopped. Either the e u budget has or will shrink drastically or the richer member states like Germany and France will make up the shortfall? Even more difficult considering Germanies debt became due 2020.
they have never been able to produce a set of signed off accounts, no accountancy firm will touch them
@@Keepingitrespectfulmostly. well its pretty much the perfect time to leave right now, the world economy is going to crash this year, lots of businesses and companies will close. GDP is going to reduce, just unlucky for the net pay companies in the eu, they are going to be squeezed more than ever. But thats ok, im sure Spain, Greece, Poland, Hungary, Portugal, are going to turn their economy around any day now, especially all those tourist resorts and holiday home locations XD
@@shroomiestshroom3655 Yeah, that's ok then. Cheers.
What's up with Poland? Could you do an overview with Poland?
They have far right Nationalists in power. Borderline Fasicst many young people emigrating
@@eoghan5006 young Poles have been emigrating to find work for the last decade, what rock have you been living under?
There is a difference between normal migration and flat out running away while you can though. ;) Poland is not doing too well with the crazies we have in charge now. Voters decided they didn’t like complacent corrupt government so they voted in a bunch of loonies that are twice as corrupt and fundamentalists to boot.
@@Throwaway-hj2rr so what your saying is, they are making a mess of things and expecting everyone else to hold them up. So its now everyone elses problem. Crazy. This whole eu thing is just a big joke on countries able to support themselves.
Happy times for those that dont. What incentive do poland even have to change ever then. If they can just be supported and funded forever. Seem just a big burden. Perhaps when uk leave they should kick a few states that are just pure burdens to equalise the difference.
@@eoghan5006 so we provide the immigrants jobs, homes, health care ect, but also have to support the rest of their fellow citizens back home too.
I think the Uk are having the p/ss taken out of them. Which is why we are leaving. Will only ever get worse in the future too.
I would love you to explain the EU budget, the problems created by hungary and poland, their reasons and everything related to it. Great video, did not watch previous version but this one was really good
It’s an underrated comment. I’m Hungarian and love my country. However I left and it was mostly about the political situation. If I would be the EU, I would rather kick off Hungary and Poland (and everyone who misbehave 😂), than loose the UK. And it’s even would serve the Hungarians too, as they won’t rid off this corrupt government until they are financed by the EU. Now they blindfolded by the crumbles what the FIDESZ throw front of them. As I live in the UK, married an English man I already realised that the UK not much better, so I think if the EU can regulate those countries who doesn’t follow the principles what they signed up for, then they will be just fine. I believe they can do it.
@@fabolvaskarika7940 AFAIK, the problem with Hungary and Poland is that there are 2 of them. Mechanism of kicking people out were consciously excluded to prevent any blackmail attempts, since, obviously, being forced to leave EU is an economic disaster. IIRC there are possible sanctions for misbehaving, but they must be voted unanimously, so Poland and Hungarian governments just cover each other asses.
@@nameoname-c3l Yup. Same with the UN. Middle East peace process vetoed again and again by Russia. Sometimes the very democratic institutions block themselves. Sometimes the dictatorship has its own benefit... and as it is now the right wing propaganda machine powered by Russia use against us our most treasured freedom, the freedom of speech, to spreading disinformation and mistrust in one of the best project of human history: the EU and democracy in generally. But the election result in the US give me little hope that people start to wake up and want to go back into the direction when we aimed a more fair society.
Same
No problem was created by Poland, they would be doing much better but Za Germans shafted them out of war repatriations and now offer handouts in exchange for control.
I applaud you for admitting your first video wasn’t up to your own standards (I didn’t watch it, so I’ll have to take your word on it;) and to redo the video. 👏
A channel that listens to they're audience, thanks
Their
*their
@@martialme84 theyre audiences suond like spell chekers.
@@malaklranal1681 ...and you sound like an uneducated, anti-intellectual clown.
Wanna bet which of the two contributes more to humanity as a whole (and makes more money)?
Jup.
@@martialme84 Yup not Jup u cant iven spell reight. LOL.
People are also missing the point of EU investment, and that is that its an INVESTMENT. When a country pays for another country's infrastructure projects, what its doing is putting money into an economy and building it up. In the long run that brings money BACK to the investor.
So true. If you look at poor nations of the EU, they are growing FAST. Like REALLY FAST. Give it 30-60 years and the current net receivers will be net contributors.
@@vitas75 Exactly. Its easy to forget how interconnected we are, the economic output of countries like Poland and Romania does affect and at times benefit people in wealthier countries, like the Netherlands and Germany.
But not in your life time!. However, the polititions
@@vitas75 The only problem is will the EU still be here in 30 years time to benefit .
@@christopherosborne9277 EU are the nation members
Hungary and Polands budget confuses me a bit, considering they are becoming very nationalist and counter to the EU's principles, I assume it's something to do with the earlier budgets being based on the more stable countries they were a few years ago and it's kind of locked in now?
they're counter EU resposibility and involvement, not counter EU funds, for those, the more the better
@@jugoingdanss6546 They can also defund your nation, on account of the above mentioned!
@@jugoingdanss6546 Ah, shut up you nationalist! If you are such an awesome and big country, why are you even in the "big evil EU"? Huh? Seriously, I am ashamed of how here in the Visegrad four we are so anti-EU while never admitting the huge benefits of membership.
@@matejlieskovsky9625 I dont understand that either. We are basically only benefiting from the EU, but some people still see it as an evil organization that is trying to destroy us. Okay that the NET contributors benefit in some way as well, but they basically fund our projects, without the EU we would be worse off for sure. We should be a little bit more grateful for what we get and stop whining about everything.
@@veghattila2379 I'm reading a book on disinformation and it led me to an interesting observation - the Visegrad four is relatively xenophobic mostly due to its history. There was the whole political mess within Austro-Hungarian empire leading up to WW1 and the independence, quickly ruined by nazis and WW2, only to be followed by the commies and the cold war. We've never really had time as our own nations in recent history and while it has been some thirty years, we still have quite a bit of baggage from the 20th century. I kinda understand that people do not want another multi-national superpower, but we need to accept that even the whole V4 is a tiny speck in this global age. And that is a bitter pill to swallow.
Awesome vid! Would love to see an analysis of the economic response package tied into the new budget. How will the money be spent? What sectors and projects would deliver the strongest economic multiplier? How will stimulus projects be monitored over time to curtail misspending and corruption (which have caused issues in the past)? And how might the loan aspects of the package impact member states with already high debt?
I think that Poland started misbehaving right in time.
It stopped quickly after the contributions to Poland came up for debate.
What did they do this time?
@@namelessking8905 They debate was to stop funding. It would be up to a 15 billion cut on expenses to Poland. You can not expect all the other nations to agree to the budgets if you won´t have democratic rules.
@@adamabele785 - Poland is a democracy. Just because their people said no to open borders does not make them undemocratic. It's the same with Brexit. The people voted for it and the EU along with remainers belittled them for years for doing so.
@@namelessking8905 That's not the only thing they did though: if it was only that then yeah you would be right. But the PiS party also pushed for legislation to control the judjes and constitutional. Plus rampant corruption and nepotism
While *direct* contributions to the budget and *direct* spending from EU in a country would make someone a net-contributor.
The actual extra value for every pound actually put into the EU budget has an effect way beyond it.
I've seen numbers that 1 pound actually has a return of investment of 10 pounds.
Just look at the expected GDP if UK would have stayed in the EU compared to the GDP which is expected with the trade-deal (or the 2% even less without a trade-deal).
I believe the loss in GDP over 10 years was calculated to 6%.
WAY more than would have been put into the EU budget.
This video was certainly more clear, focusing more on one point to avoid getting messy.
It would be interesting to know how the contribution of the countries varied during the years, the UK, for example, hasn’t always been a net contributor.
And Belgium was a net contributor between 2007-2013 and then turned into a net receiver, I wonder why that is, it is not like our economy was hit that much harder than others. Maybe a change is calculation, afterall most of the EU administration is located in Belgium.
I have found the exact numbers the UK contributed to the EU year by year since 1973 on the website of the House of Commons Library.
Y.T. Nagging so what is it
@@millhilljimjimmy6731 Total net contribution from 1973 until 2019 was 225.365 bn £ in 'real terms' (in cash terms, not accounting for inflation: 156 bn £). In 2020, the UK payed 8.5 bn £ net to the EU Budget. The UK will also pay the following sum to the EU: 33.4 bn £ between 2020-2064. To put it into perspective, the UK payed an average of 5 bn £/year or 0.0023% of GDP (2019) or a little less than total domestic product of one day.
3:10 The Netherlands contributes the most per person only because they collect EU import duties which without the EU would, in some cases, otherwise have been collected in destination countries.
I'll help you out of that dream. The Port of Antwerpen and Rotterdam nearly have the same amount of stuff that comes in, check the facts online.
@@flyguydubai I checked the facts on wikipedia and apparently the Port of Rotterdam had 469 mio. tonnes of cargo in 2019, while the Port of Antwerpen had only 238 mio. tonnes in the same year.
For the 2nd and 3rd biggest ports:
Amsterdam vs. Zeebrugge: 96 mio. t (2016) to 38 mio. t (2015)
Vlissingen-Terneuzen vs. Gent: 33 mio. t (2015) to 26 mio. t (2015)
@@flyguydubai to suggest that Antwerp and Rotterdam have similar size business on goods, is just ridiculous
The merging of the circles representing former UK contributions and receipts to form a ring was an elegant bit of graphic communication.
"Option B" was never a starter - the reason the UK public got a referendum was because the EC rejected calls for reform. If the response to Brexit was then to do what Britain had asked for in the first place, then it would make them look silly. And lord knows, 500+ million EU citizens are going to be so concerned about 1,000 highly paid politicians potentially looking a bit silly that they'll gladly pay an extra €10Bn in taxes... They won't at all be thinking "so what are we paying you €110k per year (plus expenses) for if it isn't to sort out things like this budget shortfall that was already known about 6 years ago and could have been easily prevented?"
I'm not gonna touch the whole madness contained in your post, just this: you think less than 20€ more taxes per year per capita is a factor?
"We took down the video and vowed to have another go"
BY GRABTHAR'S HAMMER WE WILL MAKE A CLEARER VIDEO!!
Now I've a picture in my mind of all these vikings running around on the beach beside the longboats with video cameras ...
@@paulohagan3309 Except "Grabthar's Hammer" is from the movie "Galaxy Quest", so instead of Vikings you should be picturing sarcastic, fleshy-headed aliens. :-)
@@Jay_Scott_Raymond And Alan Rickman! Don't you dare forget him!!!!
LOL
"Never give up, never surrender!" :)
Look at Poland down at the graph there leeching the most... If my very superficial overhead info is correct, they seem to be going completely off the rails in terms of adhering to EU standards while still gladly taking EU funding. (Don't quote me on that)
and poland is becoming a dictatorship together with hongary. they are like the junkie cousins who keep going to the grandparents for 'study' money. i have been in poland myself a lot over the years and the whole country is kept afloat on eu money. if the spending towards countries like poland stops big parts of the country will fall into ruin.
@@lukel236 unfortunately i have to disagree, while it is true that taking more that what you put in is not an huge problem in it by itself, Poland and Hungary have had a history of going against EU rules and not being punishable for doing so due to the required 100% vote to do so, they kept on vetoing the other's preceding, resulting in a stalemate.
It has a relatively high population in comparison to other countries. Per person Greece receives the most.
@@lukel236 Hopefully that happens but with the current events going on in Poland that might not happen in a generation or so.
@@lukel236 Possibly, Poland is a large country and has gained a lot from EU membership. That would be fine, if their government actually was a constructive member of the Union. Instead though, they prefer taking steps towards autoritarism, sabotage the EU at every opportunity and yet do everything to ensure their dues are paid.
And that's what I don't have patience for any longer. Currently, they are only it it for the money and have no interest in supporting the ideology or advancing the institutions in any meaningful way.
Yes- plea make a Euro budget- I would love to know how a union like the EU budget later and make project spanning multiple countries
WEF- World economic forum, their annual fee is $600k a year and they have over 5000 biggest companies in the world paying staggering amount of $3bn each year. WEF vowed to help with the green projects in EU and offer all the money they need for their green projects.
@Αναντάμ Παπαντάμ wtf
@Αναντάμ Παπαντάμ Learn proper spelling, sentence construction, and grammar first
I was wondering about Belgium. I see the questions already about Luxembourg. Great, all of them. I feel the UK will be sorely missed as they are far more centre than a lot of other countries. They are BIG peace keepers for a country so small. And that says a lot. China is trying to buy up countries and to buy is to own. Just a nervous person's opinion. Thank you for the great documentary.
The answer is simple: EU institutions are mainly found in Belgium with additional ones in Luxembourg and the main seat of Parliament (where pretty much nothing happens) in Strasbourg. These institutions have running costs: salaries, building maintenance, hardware replacement, security and the likes which amount to a lot. The Commission alone employs 25000 people in Brussels, and they are not the only institution present.
The money spent in keeping the institutions running is counted as money spent in the country where these institutions are established despite the fact these countries do not see a cent of that money (not directly anyway). In reality Belgium is a net contributor.
Its purely boomer fantasy that the eu depends on the uk.we got over brexit 4 years ago
Spend money when economy is down, save money when economy is up
Southern Europe is increasingly going permanently ex-growth, with Italy growing only 0.2% pa from 2009-2019, and Greece shrinking at -2.1% pa. The poor demographics and growing state debts there, coupled with too high a valued Euro, means they will eventually have no option but to leave.
@@Benzknees And what do you think would happen if they leave? Their currency would be worthless and their businesses would go bust.
Good plan! 🤦
@@babelhuber3449 Yes their currency would be worthless. Thats the point. That makes it very cheap to invest, which is good for businesses.
@@AliothAncalagon So, how do you pay for imports with your worthless currency? How is your population supposed to buy gas etc.?
Northern Italy's businesses mainly supply German companies. How are those supposed to survive after Italy leaves the EU?
Doesn't seem to be well thought out in my opinion...
@@AliothAncalagon most of the countries on this planet have worthless currency, yet you don’t see an investment boom happening there. This is not how it works. Currency is only one of many factors. And doing this to the country which is a net importer, is the fastest way to introduce hyperinflation. Also people seem to think that counties can manipulate their own currency as it suits them. This is untrue and that’s why we have IMF jurisdiction over exchange rate policies.
This gives much better insight into how EU works, tho, I feel like still only small fraction of details. Please, more videos about EU budget and other overall details of EU.
I was going mad trying to find this video after starting to watch it in Dec.
One of the biggest reasons why I voted out was because of net contributions we were paying and most of the other countries simply don't contribute enough whether it's in the budget or economically
So you hate paying tax at all I suppose, because you're not ill today, or have not been burgled today, or don't need your bin emptied today. Great planning.
@@abbersj2935 In principle, don't want to be paying OTHER PEOPLE'S taxes for them though. Thanks. Better off out the EU.
Strange, haven't we had the budget 2021-2027 agreed upon on December 17 2020?
Yeah, by basically a stupid amount of way tat I’ve easing easing and bonds.
Could you make a video on why Poland gets so much support? I'm not an expert but I guessed other EU member states are in much ore dire need for that
I think it's because they have a big population of 38 million, while Romania's is half of that and most eastern european countries don't even reach 10 million
II WW burning into ground whole country and nearly half a decade under soviets draining resourcers and destroying ecconomy without marshall plan for it
@@dogblue3817 They are one of the only who have a growing GDP and are almost reaching the level of Portugal in terms of GDP per capita...Your excuse is not valuable anymore!
@@houseplant1016 Just to be precise, reaching the GDP per capita of Portugal in PPP terms.
@@dogblue3817 half a century, not a decade.
Something that I found strange is that from 2007 to 2013 Belgium apparently has been a net contributor (and not a small one compared to gni), but this changed from 2014 into a net receiver. Does anyone know why? Did something change in the formula (for example did costs of administration located in Belgium get added to expediture or something)?
2014 was the start of a new financial cycle
Admin cost of EU institutions are reflected in the Net-budget. That's why Luxembourg is in red on the graph. France technically pays more into the EU than the UK but they also host a lot of EU institutions which drops them down in net contributions.
@@swanky_yuropean7514 so the admin cost of all the EU institutions in LUX is higher than it’s entire contribution?
@@mjferroni small country, lots of jobs there
@@mjferroni Yes. They host quite a few. The ECJ, the Court of Auditors, the EU investment bank, Consumers, Health, Agriculture and Food Executive Agency and the Euratom supply agency among others are hosted there.
I voted remain and was told so many times "out means out"," they need us more than we need them",etc etc .
Now this video comes out asking "How will Europe manage without the UK" Very well is the answer.
With the rebate GB paid in something like 7 billion pounds to the EU,In real terms a bloody bargain, for what it will cost us being outside the EU.
An extra 33 billion pounds for the main EU contributors is peanuts with the expected trade run of from the Chinese beltway.
At the end of the day the EU bankers are shrewd bunnies and will balance the books, Covid is the set back not the UK leaving,(look at how much they are spending on there Covid refunding package).
On the other hand Covid/Brexit for the UK as single events are bad. but as a double whammy this will set this country back years, many years.
I somehow miss a mentioning of the benefits coming from membership, and not just pay-in/pay-outs.
Example: the EU has 45+ agencies (EMA, EASA, ECDC, etc.), which do the work for all countries, thus saving each country a lot of money in unnecessary local bureaucracy.
Another thing that I know is hard to quantify is the value of getting 750+ trade agreements "for free" as part of the package of membership, and having a "home market" of 450 million instead of just one's own population, thanks to the single market and customs union..
This! The main focus point in England has always been on the binary thinking of budget contribution vs what comes back. Hardly relevant if you see what shared services and institutions you get for you contribution. You don't hear much about what the costs for the UK will be.
EU trade deals. are just EU propaganda on the 100 trade deals they have. Except they don't. They only have 38 most are not done deals there are only 11 of those and only 3 are free trade deals. It usually takes over 20years to obtain a deal with the EU because they need input and approval of 27 Countries.
@William
If you cared to study facts, you would find that the EU has some sort of agreements, including trade, with almost every country on the planet. Some are full FTAs, other are partnership agreements, neighbourhood agreements, EBA (everything but arms) agreements (which they have with 51 of the 54 African countries, for instance). Around 20 bilateral agreements with the US, around 120 bilateral agreements with Switzerland.
@@Will-ul9oc rather have a good deal in 20 years than a bad deal in a few months. As you are about to find out on an epic scale
good attitude, keep in up for a better 2021 :P
Erasmus is yesterday's news as the UK will stop her participation.
That said I do wonder why rich Luxembourg is a net receiver whilst tiny Malta is short of becoming a net contributor !
I'm even more baffled as to why Belgium is so low on the list. As their northern neighbor i find myself feeling a bit bestolen. Belgium has a good economy, they should atleast have a small net contribution.
I am impressed by Spain though I have to admit. I always thought they were big beneficiaries. My expectations were more like if Belgium and Spain switched places on the list.
@@StewieG46 Belgium is probably so low for the same reason as Luxembourg. Brussels hosts many different EU institutions and those cost money which is calculated as money invested in Belgium.
Jerry O'Sullivan how long for watch this space
Administrative Spending takes up most of the EU spending in Luxembourg, don't forget that Luxembourg houses A TON of EU institutions,
Secretariat du Parlement Européen
Comission Européenne
Office des publications officielles
Cour de justice de l'Union Européenne
Cour des comptes européenne
Banque européenne d'investissement avec le fonds européen d'inventissement
Fonds européen de stabilité financière
Mécanisme européen de stability
Centre de traduction
Agence exécutive pour les consommateurs, la santé, l'agriculture et l'alimentation
Agence d'approvisionnement d'Euratom
EuroHPC
Further the EU is currently financing the building of another institution, namely the Parquet européen.
The EU is also financing the upkeep of the buildings that these institutions are housed in: the Tour Alcide de Gasperi, the bâtiments Jean Monnet, the bâtiments Robert Schuman et Konrad Adenauer, etc. etc.
Also Luxembourg recieves more money than other countries from the Erasmus program, because studying at the University of Luxembourg is VERY affordable and the semester cost is low. When Luxembourgish students take the Erasmus grant to go study elsewhere they will recieve much more money than other EU nationals would recieve to study in Luxembourg.
Luxembourg does pay for the EU.
The figures are just distorted because it is a very small country with low population, but housing a fuck ton of EU institutions.
That's why Luxembourg recieves more money. They get paid for services rendered, as it should be
Short answer yes. Long answer yes.
I'd love to see a video about how the budget is used, what kind of projects are funded and how much it benefits each member state individually. A video also detailing how each member has grown since joining the EU would also be great, if not only to shut up a certain group of people who believe that just because a nation is a net contributor this means they gain nothing in return.
Hard to find an overview but as I know : A lot of money into aggriculture (guarantied prices, support for small farmers, support for bio-farmers, cheap credits etc.) a lot of money in infrastructure for rural areas (co payment for better streets to connect the rural area to a "market", co or full payments for e.g. building wastewater treatment plants, restructuration of the industry (like wasted ground removal and cheap credits for modern - environmental friendlier industries to settle). A lot of money for sientific research (spend to the universities, companies that are involved in the research - will maybe pay-back later when know-how is used to produce and sell the products (indirect via taxes)).
etc.
USE CHILD LABOUR AND LIE WILL BE THE ONE OF THE FORTHCOMING PROJECT TO PLEASE CHINA AND GET THE DEAL
YOU BRING IN RICE AND I WILL BRING HULL (DUST) THEN WE BOTH JOINTLY WITH LOVE AND AFFECTION WILL SEPARATE RICE SO THAT IT CAN BE GIVEN TO ME IN SOME PROPORTION SAY 30%.
NET CONTRIBUTOR (THAT IS YOU WILL GET SAY 70% AND LOT OF LOVE AND AFFECTION)
WEF- World economic forum, their annual fee is $600k a year and they have over 5000 biggest companies in the world paying staggering amount of $3bn each year. WEF vowed to help with the green projects in EU and offer all the money they need for their green projects.
Oh yes please dive deeper into the EU's latest budget agreements! With all that being said, I do think the EU should reduce it's expenditure and learn something from the "frugal four." With the UK finally out, the EU should be a bit more thrifty, even though I do appreciate the EU's help towards Portugal.
I agree
There's your problem.
Everyone thinks everyone else's spending should be reduced.
At the moment, if someone doesn't spend money the economy will collapse.
Spend money to make money. Ask any economist, the fastest way to make money is by investing in infrastructure. Honestly, more money flowing into the three-seas-initiative is probably the fastest way to get the Eastern European nations to make (and therefore supply) more money.
@@Elderrion good point. I didn't think of it that way.
@@julianshepherd2038 yes indeed.
The real solution would be direct taxation by the EU. Then, the mentality would be instead of "my country pays for other countries" "I pay taxes which fund sectors/people/infrastructure"
But still "I pay taxes for another country".
That will not happen in a looooong time if ever
@@danielwebb8402 the idea would be "I, as a European, am paying for Europe". The EU would need to be thought of as a federal organisation. It's not my state vs yours. at the end of the day, all our states are part of the same "state" of europe.
Don’t think any nation state will be willing to give up that much power.
@@darthcalanil5333
Which is a very transparent and valid position. But the alternative one, of believing in the definition of a nation state, is also valid.
Agree direct taxation is more transparent and explicit and therefore democratically valid.
Brazilians are part of South America. They don't pay tax to subsidise Ecuador. They don't think "I pay taxes which fund South America."
Canada and the USA don't send taxes to the other. But are friendly. Not enemies.
Competition between nation states is the single largest reason the vast majority of invention over the past 500 years came from Europe.
It’s nice to here it words I can understand stand, try asking a politician to give you and answer like this. Good job mate 🤙🏻🤙🏻🤙🏻
Never mind jolly st nicola sturgeon will be along with that powerhouse economy of scotland to join the eu and plug the gap. Lol
Wish she'd permanently plug that gap under her nose.
Excellent response, it gave me a chuckle 👍
If you want Scotland and N. Ireland gone so much have your own english referendum and kick them. It would save them the trouble of doing it themselves.
A short long winded post on how blighty will suffer alone
The german giant is bigger than uk and France
Where have you been. UK is not taking part in Erasmus. Basically costs 250,000/student. Bonkers scheme.
Most of the increased spending will be targeted at infrastructure investments. Those should pay for themselves over time.The big wedge would over the management and supervision of the funds, but this should sort itself out when it comes to the question: Do you want more money(with strings attached) or not?... usual answer is a disaponted yes.
Well of course there will be strings attached we have no interest in paying for things like Poland drifting deeper into religious fundamentalism and Hungary wanting to relive the glory of 1936.
@@DaDunge Indeed. But we will be paying for it. Poland and Hungary back eachother up on every issue. As soon as we attach strings, they will veto.
I always hear that upgraded infrastructure always makes money.
How?
@@quantumhelix8668 short answer is it leads to GDP growth that is taxed. Long answer is based on specific infrastructure. In terms of green infrastructure - creates high paying engineering/infrastructure maintenance jobs, reduses reliance on oil and natural gas, higher profit margins in sertain sectors leads to more private sector investment
@@kopkaljdsao Not sure how it increases GDP. And those jobs are usually public sector money so...
What a ridiculous question. Germany alone had a current account surplus of € 245 bn in 2019. Brexit creates a gap in the EU budget of 9-10 bn €. Or is it £? The Netherlands, Sweden and Austria also have large current account surpluses. => The missing British net contribution can be easily compensated.
Well, that is kinda beside the question. Private capital pretty much everywhere in all of the devolped world are enough to eliminate national dept and just throw money on most crisises that arise every couple of years. That's not done, so it won't be done here either. The real argument for that hole in the budget not being a real issue is that it comes out to less than 20€ per capita.
I personally would be quite happy if that hole in the budget would be the biggest consequence, but we all know that more is coming.
One thing I noticed when checking your data with some of my own research, the EU hasn't added a net contributor member in over 30 years. Speaking from the outside, it seems that some of the problems with the budget the EU is facing is that since 1990 the EU has been adding in more and more countries that need assistance, increasing over time the strain and placed on the few countries, most of whom have been around since near the founding of the EU, to help support them. If this trend increases of adding needing countries, especially looking at more countries around the Adriatic applying to join, this will only get more severe.
The original EEC was a small handful of Western European countries when the UK signed up. If we'd been told in 1975 that within 30 years it would be 28 countries, almost all ex USSR, and a political union with a flag, a single currency and free movement we'd have run a mile. We didn't get a chance to til 2016 and we took it.
@@inquiring8059 You mean our elected Governments did. The ordinary citizen wasn't given the chance to vote on all of the subsequent Treaties of the EU. Some will say this is why we have elections, which is true, but some will say it only allows the elite and politicians to pursue their own agenda. I don't think it was a coincidence that most MP's and globalists were EU supporters. As it turned out, most UK citizens, including this one, were not and the 2016 referendum finally gave us a voice that was, in the end, listened to.
They've added consumers to the single market. There was never a real drive to improve the new poor EU countries. All that happened was the destruction of whatever independent economies those countries had in favor of EU corporations. Fuck the EU.
And Scotland wants to join the EU if they leave the UK, when Scotland is nearly £30 billion deficit to the rest of the UK each year, so in other words, they would be another net beneficiary.
Yes it has, Ireland went from a recipient to a contributor in the early 2000s.
What if we just cut some money from Poland and Hungary... 😂
Good idea. The amounts of funding in these two countries are very outstanding.
I'm not trying to sound heartless here but they deserve to feel the hurt. Considering what they've done I'd like to see how long they keep giving the finger to democracy when the EU stops helping them. (Edit). I've just got a new idea. How about there are some revenue increases but the EU saves costs by cutting back from Hungary and Poland?
i don't wanna be mean... but, sounds really good idea. :D
They'll just leave
That's why it's a good idea to link the budget with the rule of law - it gives at least some kind of a framework to deal with emerging authoritarian governments throughout Europe - which all by itself is crazy, and there's already two of them - what gives? We'll see how successful it is
Great video. I would love to see a video on the benefits of the net contributors.
I am from Austria, and i am seriously struggling to see the benefit of being part of the EU, while living right next to the Swiss and seeing next to no downsides for them. Only one I can think of is that they are not part of the roaming tariffs (insanely expensive if you have roaming active while in the Swiss :P )
Swiss as some deals with the EU. Is like not being part of the EU but still enjoying the party ahhaha. There are a lot of good reasons to be a net contributor and what as a key factor on being a net contributor is exports within EU countries. Net receivers countries import goods and services from the net contributors, meaning that even if they pay more they will get it back into their economy and companies. Is a cycle: you export more -> you will contribute more -> generate money from exporting
@@tiagofernandes574 The Eu imports goods and services from the US, China, Swiss, etc. So clearly That cannot be the reason. Before joining the Eu (20 years ago) we had just like the Swiss contracts contracts with them and other nations. So I really don't see that as a good enough reason. Like all I see is that we have obligations due being part of the club (e.g. not being allowed to control the import of shitty cheap meat, or Germans freely enjoying the benefits of our universities and leaving right after never contributing to the system). As I said, I'm really struggling to see good reasons to stay with them. Like lies they told before we joined. "We will fight tax havens, and there certainly won't be one within the EU" my favorite lie they told.
Swiss contributes money to the EU...
Given the current attitudes in Poland and Hungary in particular, I see a good target for cutbacks.
I can't believe I'm writing this but I would love to see a budget breakdown
Why?
It's all published. It always was.
@@fairylaw9765 because it's not something I ever pictured myself being interested in
10 Billion Euros is roughly the cost of a cup of coffee for each EU citizen per month, or just 10 miles of HS2 railway track. They may not struggle too hard to fill such a gap
I'm more curious of how long they estimate it will take for the countries that contribute less than they receive to become profitable and what projects specifically are being proposed and executed to achieve this. Because I assume that is the end goal so that eventually all nations profit from this deal.
That was the theory but greed has gotten in the way.
They will never become net contributors.
@@seetheious9879 and why would they? It's easy money/invest for just sitting back and doing nothing, so why bother to change?
Excellent video and a very good explanation as to why the UK was right to leave the EU.
Don't forget that countries from the down part of your list have lost their crucial sectors like FMCG, mining, tourism, meat production (99% was taken by Germany and France capital and they usually don't pay any corporation taxes there) This has much higher and longterm value than QE notes printed out by ECB...
lmao yea sure ^^
I wonder how the figures change with things like the movement of investment resource from the UK factored in.
One thing I don’t understand is why Poland get so much funding. I understand a good bit but why to such large amounts.
I was confused by this to but I think it‘s because poland is much larger than most of the other net reciever countries.
as Max said, it's because of its size/population.
It is the net-contribution/gain. All countries pay in the budget and all countries revive EU spending. The money is not send to the government of the member country but to projects with EU approval. The lower the GDP of a country the lower the lower the EU contributions. The larger the number of projects founded by the EU the higher the EU spending.
They had a lot of catching up to do after the Commies were ejected in 86. Poland was like a third world country just 30 years ago. I watched a government builder paint the outside of a community housing block using twigs as a paintbrush, and making his own scaffolding from wood which he nailed together to reach the fourth floor. We came out one morning and it was all across the road. It wasn’t even fixed to the building at all. I don’t really begrudge the Poles a penny, but as far as the other Eastern Europeans .................💩💩💩💩💩
Because the are falling behind the rest of the EU with regard to growth. Which in turn is because they have an authoritarian government which makes people vary of investing there.
The UK got all the benefits of being in the EU the last 30 years but never really committed or was able to bring any positive change. The 10 Billions will come in as tariffs and won’t hurt the EU. Furthermore the UK has to invest in their infrastructure to ensure it can import all the goods they require. Transport companies already avoid the UK because it is such a mess over there and nothing is prepared (custom etc.).
No, we paid in well over what we got back. And now we're off. The EU is also a dwindling trade block. Time to get out.
@@abbersj2935 Play the ball, not the player. The EU is the continuation of Germany by other means. The British need to get back to playing their own game on their own terms.
@@susannamarker2582 Most Brits never understood what a fiscal equalisation scheme is, how it works and why it benefits contributors as well as receivers. Your companies earned more money being part of the Single Market in comparison to not being in. And that money was worth multiple times the British contributions. The contributions are used to sustain and develop the home market which the Single Market is for EU member states. It's actually not too hard to understand.
@@wanderschlosser1857 The EU is the continuation of Germany by other means. No thanks.
@@susannamarker2582 Yeah that's nonsense! Which Germany are you even talking about, Nazi Germany or current federal republic? But I guess you're ignorant enough to see both the same. And I also assume you didn't even try to understand what I said about the contribution system.
I see this as a short term problem. Over the next decade, states like Poland will have grown substantially and will be able to contribute more fairly.
Unless they decide to leave
@@davidyoung2440 yeah that might happen. But being part of the trade block is what is helping them improve.
@@davidyoung2440 Why would they? Poland is pro EU.
@@AdamFitton But if what like you said happens, where Poland will get less net support then the EU would be a lot less necessary for them so there's more reason for them to leave not just political but now economical as well.
It will happen if we kick out our current gov before they make more damage. It's not an exaggeration to say that PiS (our main party) has fascist tendencies. They use public television to make everyone who doesn't agree with them a literal nazbol. It's not a joke. If you're a feminist, gay, anti Catholic or just protestant you'll be called both a communist and nazi
Which is just straight up projecting. They hate "others" just like nazis did and use soviet propaganda to brainwash people
I want it to be some kind of leftist propaganda but then I watch public tv news and I know how bad it is
This was actually quite interesting.
Very interesting. Do you have analysis on whether Scotland could afford independence? I’ve heard many rumours one way or the other but nothing concrete.
I don’t know how it’s possible to calculate unless you know what the situation be regarding the currency used? Again, conflicting reports on whether Scotland could / would keep sterling or be able to join the Euro zone. Or invent a new currency.
But I don't think they'll get independence in the end
@@chickenandmushroompotnoodl3180Even if Scotland claims independence from the UK. It does not mean it would be able to become a Euro zone member. Spain has been quite clear that they will veto any try of Scotland (or any other region) to separate from it's current home nation and then request to become a EU member. Not so much because Scotland but more do to there internal affairs with both Baskenland and Catalan aiming at independence from Spain.
@Jerry O'Sullivan From my point of view, I think Scottish independence has too many variables to be viable at the moment. Apart from the currency, you have 19% of exports going to the EU, 21% to the rest of the world and 60% to the rest of the U.K. So if you think the Brexit deal is bad on 19% of your exports, then you would flip it to being bad on 60% of your exports for Independence.
I’m all for self determination but Scotland had a referendum and whilst everybody accepts things have changed, it seems like economic suicide from my perspective. But I’m no expert. If I were the SNP I’d push for a referendum on a more realistic time frame, say 5 years to see how the cards fall.
@@sirBrouwer Exactly. If you keep Sterling then that is not independence. You will need a Scottish Pound or Dollar.
This video seems to present both sides of the "coin" so to speak. Thank you for a well balanced and fair summation of a complex situation. I look forward to more of the same.
yep but no it is completely biased !
saying it is not fear mongering but it was
making video about how fucked the EU would be without the UK
yet those contribution number seems big for you , but it is literally peanuts to EU states
it is like for you having to pay 1 extra cent when you buy a car
I am more and more convinced that the sustainability of the EU depends on having a centralised tax authority (like the IRS in US)
people are already critical of the Euro (common currency) whos benefits are clear, introducing "a centralized tax authority" would incur in strong oppositions
Almost like they are already a proxy country. A federal one. But that jointly borrows, jointly taxes....
True, but good luck convincing the population. I already hear populists shouting about how the EU dictatorship steals our money
@@diegoyuiop small steps, if i'm not mistaken some of the founding for the "next generation europe" projects are taxes collected by the EU for the first time, they are small but will require the founding of a new administrative organization...
at least that was what was proposed, haven't kept up to date with how it was modified to actually pass
I don't know why 27 intelligent nations could not work their way out of it !
After all it's only a 10 billions € gap per year. For an economic bloc with a gdp close to the US, it's not that much.
@Nub93 it leaves California, NY, Mass, Florida, Illinois and other rich states. I would not be worried
Jeff Bezos could fill that gap for over a decade and he's just a dude and not 27 nation states.
@@skiteufr yes but seeing the UK prosper from leaving may encourage other net contributors to leave too. Just because you have other sauces of income doesn't mean you're safe
@@Carno_Yujia that's a big IF
@@Carno_Yujia “Sauces” haha, it’s wrong but still kind of works. Thanks for the laugh
As far as I'm aware Poland, and a lot of other newer members, were supposed to have this turbo-funding slowed down starting in 2020 or so.
It was suppose to happen but those backward countries just does not know how to do budget. This should have been a requirement for them to remain in the EU.
@@JamesBond-lk7pj poland backwards? Dude I’m Irish and the poles are far from it
@@JamesBond-lk7pj Funny thing is they did, up til 2005 Poland was a success story in Europe. Then the PiS took power and they have been increasingly been lagging behind ever since.
@@DJJakub27 Then you pay for them. A lot of us have no interest in funding Poland becoming a catholic version of Iran.
spending beyond their means = disaster and more exits by net contributors
Long live Great Britian
A very helpful overview of a complex thing. I didn't see the first version, but this one is brilliant! thank you
Italy meanwhile getting shat on by northern countries like all other countries in Southern Europe despite being a large net contributor and the eight country in the world by nominal GDP
Because people in the North have the impression that the Italian government doesn't even try to keep to the stability pact. They have the impression that they have to save on public expenditure just to ensure southern member states can spend with abandon.
As is often the case, the truth is more nuanced. But there is enough truth in there to understand Northern frustrations. Just as it must be frustrating to Southern Europeans when Nothern frustrations results in a reluctance to support each other in times of need.
In my view the EU made a mistake by expanding east too quickly. They should’ve created a free-trade zone with the countries of Eastern Europe and when they reach the standard of Western European countries in terms of mature democratic structures and advanced economies, then they should have joined the EU.
Strangely, the UK was pushing a lot to include them into the EU, and then complained about Polish plumbers...
@@Redgethechemist One of the many things that the government of Tony Blair has to answer for.
@@Redgethechemist the UK has always been very keen to diversify power in Europe away from France and Germany
How is Spain, one of the Big 5, not a net contributor. The mind boggles. The figure for Belgium, equally insane.
Spain was hit hard in the Euro crisis. Belgium is a beneficiary because the EU institutions are there and that means a lot of money is spent there.
Taking aside the fact that Spain had a dictatorial regime till 50 years ago that divide society and polarized the parliament undermining the chances for national plans supported for all political actors, the fact that is a service country (mostly touristic) with a poor industrial net, that have a big history of corruption, tax evasion and misgovernment. Taking all of that aside, I will say that the biggest reason is because a huge part of EU budget goes for agriculture subventions and Spain have the biggest seasonal agriculture of the whole UE. But I cant guarantee you that the individual effort of the Spaniards is as big as the laziness and corruption as their politicians and institutions. "La siesta" is a myth.
@@pedrotimon7212 that may be true but it's still the 5th largest economy in Europe. 4th largest in the EU. 4th biggest out of 27, you would expect it to be a net contributor. Even with things like CAP, perhaps not the 4th biggest contributor then, but still a net contributor.
I have to admit the Brits are much better at 1)breaking complex information down in 'digestible bits' 2) transparency. I'm Italian what we are fed by the media in Italy, it's that the EU wants to get rid of us ASAP, whereas I just found out we are a net contributor. I don't think we benefit that much from being the EU, during the 10's people just migrate massively abroad, because of lack of jobs and unemployment. Then 'surprisingly' Poland is at the bottom of the list, the same country which has the highest growth within the EU. Things are unbalanced, the English, sharp mind in terms of commerce knew it, they split. The only thing I blame to the Brexit Campaign was the xenophobic tone of their propaganda, rather than explaining the real reasons, such as those ones illustrated in this vid.
@@fidgetykoala Agreed. A big topic was migration but the UK economy is built on low cost labour migrating from outside the UK. It is why our ethnic populations are so high. So, yes, we control, who comes in now but we will have to relax the rules to let in enough people to keep the economy afloat. We will be exactly where we started, just the doors will be open to everyone, not just those in the EU.
p.s. I run a company and have recruited a very large number of people from the EU and intend to continue to do so, if I am allowed to, since I cannot find Brits that have the required skill set.
why does Luxembourg receive more than it pays in? that's not logical considering their wealth.
@Bodhi uum no, i dont know where you got these ideas but the EU was originally intended to fuse the european market together and make it impossible for one country to step out if the line or start a war because the entire continent depends on each other. i also dont see where this tries to put germany in the big boy leagues?
@@gox717 just idealistic propaganda that the elites use to suck in the common people
It was explain (in a roundabout way) at the start of the video. The formula takes into account VAT collected, and Luxembourg being a tax haven doesn't collect a lot of tax.
They make their money by offering tax avoidance schemes, low business rates and headquartering services to Multi Nationals and Internet companies who hide their profits from major markets by funnelling their profits through their low tax schemes. They are a parasite economy, Ireland offers the same services. This is why they both hate brexit and the weakening of the EU, it threatens their free income schemes. They don't actually make or sell anything and they're a small, low population country therefore they don't pay much VAT into the EU while taking a full range of grants, investments and benefits.
Corruption through and through
Lol Poland and Hungary receiving the most money whilst also being the fartherst from democratic and human rights European values. Love to see it...
it's certainly ridiculous
why are more European countries going conservative? The UK, Hungry, and Poland. Asking as an american we seem to being shifting more progressive left
@@elvangulley3210 yopu are sooo off. those countries have always been conservative. they just keept it cool untill now, when they got enough foundings and see how they can do as they please and still receiving. Apparently that will change soon though.
Priceless.. sit back and watch this all come unstuck.
With Portugal, Spain, Italy, and Greece collapsing economically, I wouldn't say that they could afford losing the UK, but they do not like to admit that so they say everything is alright, but I don't think so.
The EU needs to deal wit the corruption in some of its countries first. Until it does, everyone will feel like money is just disappearing without real investment in the continent (which is just the case in some countries). I really hope they spend big and lead the world into meaningful progressive change, but those results are unlikely to be seen in the countries that need it the most because of corrupt officials that the money ends up going to instead of qualitative infrastructure and economic projects.
Yep but this will mean more rules on spending EU grants and more EU surveillance on said spending. And a lot of countries, mostly the countries in question, are opposed to this. The EU is not meant to deal with national corruption yet, but they definitely should on corruption regarding EU spending. But this seems to have become a bigger point in the EU politics now with the covid care package on its way, especially the frugal four are pushing for surveillance on the spending of it if I remember correctly.
National corruption is not an EU competence. And he honest, every country has it level of corruption, some more visible than others. Plenty of examples last year visible in the UK as well.
@@ab-ym3bf I agree, I'm not trying to punish the countries, I'm originally from Eastern Europe myself. I just wish the EU would do something about how little of the money reaches the little folk.
@@ruud9761 I honestly hope that the EU becomes a federation (at least now while they are more progressive than individual member states). It's embarrassing how many countries are still held back by old corrupt leaders. There's so much gate keeping in gov positions because although the old regimes fell, they still got to orchestrate who stays in power through nepotism and it's a problem to this day.
@@MaSilvie agree when you state it that way. But the problem. The EU has is that the moment they do anything about it there will be a lot of people screaming that the EUnisnintergeringnin a national competence. Whatever the EU does, it will never be enough or good for a part of society
Wow, 12 minutes video to tell me when someone will stop paying the other net payers will have to make up for it or the net spenders will have to spend less.
Yeah, how dare they force you to listen to explanations and framing.
Well apparently the U.K. got loads from the e.u so remainers say so just redistribute the money that the U.K. apparently got unless your saying that the U.K. actually had a bad deal
A country of 50 million people having to cough up 10 billion euros would require each citizen to pay an extra 200 euros per year. That's slightly less than 17 euros per month, or 60 cents per day. Assuming two out of three people pay taxes (with the third being a child, or indigent), that would come out to less than a euro per day, otherwise known as a coffee. However, the EU isn't a countryof 50 milion people, but a union of half a billion people, so that comes out to less than a coffee per week. Granted, this is in addition to the pizza and coke we are already paying for, but considering we would not otherwise have the restaurant,I think the gentlemen in the fancy chairs should try to make less noise,instead of Trumping up the situation.
It was the Italian Leonardo Satellite that was working on doing fraud with the Dominion Voting Machines, Italy, Germany and the Vatican were the mechanics, China and mi 5 were there also, but not with my say so, damn the NWO.
It’s not €10 billion euros for the most part it’s far more when you consider inflation, investment and interest, PPP.
And the bill isn’t being footed by half a billion. It’s being footed by 5 countries a total of 150 million people.
On top of raised Taxes. New ‘Green’ taxes .Cost of living and economic damage from covid.
You can’t compare it to coffees or shrug off the damaging situation the EU’s goal of economic warfare on Britain has left everyone a penny shorter then neccesary.
Economies like Italy, Spain, Greece and Poland will need more sponging then ever.
Infact I remember the first meeting causing Out rage the 2018 summit when The new budget was announced.
@@jugganaut33 I wonder how much the next cross border war will cost the EU or UK when this wheel makes another turn or two? Or how much it will cost to repair the eastern approaches to the Fulda Gap after the butcher's bill of repulsing the Russians is paid. Until the EU, various European nations have been at war with each other virtually constantly since Henry the VIII's time- just stopping that was worth something, wasn't it?
There really is no reason to consider inflation and interests. That only applies if you are paying tomorrow with today's money, which is exactly what us being avoided by not asking for the money until it is necessary.
All member states are contributors and all will contribute, not just the 5 top. The 5 top simply won't get that money back later on. The rest will get less of their money back.
Half the problem of course is the curious fixation the economy has for making money magically appear and disappear. If we could fix that, and stop rewarding paying today with tomorrow's money, we might finally get rid of those boom/bust cycles, but given how profitable they are to those who already have more money than they could possibly spend I do not expect that to happen anytime soon.
@@o0alessandro0o Thank you for shedding some light on the process. I'll need a moment to digest your comment- the US has some of that same "fishy business" going on as well. Thanks again for your input!
I suspect that I'm not alone in finding it difficult to imagine sums of money in the millions, billions, and trillions. If you do make a video on the EU budget (please!) then I hope you'll be able to help us understand amounts which to most of us find mind-boggling.
It usually helps to speak in per-capita terms.
The EU-27 has about 500 million people, so every billion is 2€ each. UK is roughly 50 millions, so 20€ each.
If we were talking Malta with 500k people, one billion would be 2.000€ each.
In general, the trick to understanding big numbers is comparisons, including visual comparisons like the graphs in this video. When the ratios are too extreme for linear comparisons, logarithmic scales generally work well. Speaking as a science nerd. Per capita numbers are a comparison that can be useful, but not for everything; e.g., Liechtenstein and Luxembourg may be the richest countries in the world per capita, but don't let that fool you into thinking they're a big part of the world economy. To get how big a part of the world economy something is you would compare it to the whole world economy as a fraction/percentage or in a pie chart; you could also compare it to other nations, or companies, sectors, individuals, etc.
I'm Greek and I'm very ashamed about our economic dependence on other EU nations. That said, Am I the only person that was surprised that Poland and Hungary get a lot more money than Greece (an economically ruined country) gets??? I'm not judging, I'm just surprised. Also, it kinda makes me happy to know that we are not the biggest burden of the EU. 😅
it's not you, it's the greek government who was basically doing it's people wrong by borrowing too much money just because borrowing with Euro is cheaper than with Drachma. Now the Greek people have to suffer because of it.
The UK is not staying in Erasmus it's already said it's leaving
90% of the students in England are EU citizens, and now with the brexit the taxes doubled so most of them will opt for univesities in other countries of EU. In 5 years alot of the universities in England will be closed due to lack of students and income from that students
@@dany62022 ''90% of the students in England are EU citizens,..'' Absolute bullshit.
Surprised how Luxembourg receives much more than it gives
Most part of the funding goes to the apparatus of the European institutions located in Luxembourg.
its another place to park money, like Switzerland
@@ivarkich1543 Yeah! All those maintenance jobs and the VAST expenses bills are all paid into Luxembourg. Lucky guys!
Could it have anything to do with Jean-Claude Juncker?
Finance Minister of Luxembourg 1989 - 2009.
Prime Minister of Luxembourg 1995 - 2013
President of the European Commission 2014 - 2019
@@gordonsmith8899 You’ve just saved me typing exactly this - thank you.
"INITIATIVES" , other than that . good work !
Cant bealive how much Luxemburg is getting but also how on earth is it independet 😆
Wrong questions: Can Great Britain afford to leave EU? As WE See nowadays they can't
The question should be can UK affor leaving the EU
Yes. With the money its saving - i think by 2050? It can wipe the trillion debt it owes
@@pt4005 You know nothing about Economy ...you don't even mention that they might loose more in trade ..
@@joaofernandes2827 Oh Please!!! nobody put the gun on UK head to join the EU....they did when was convenient for UK...in any case blame your politicians ....not the EU
It would be worthwhile pointing out how small the contributions are in relation to overall national spending in any given country.
Oh yes more in-depth videos on the EU budget, personally I think that they will eventually work it out there will always be tension but that is a good thing. I am from the Republic of Ireland. As you may know, we always took more money out of the EU than we put in until the last decade now we are a net contributor and that is as it should be.
@Oliva RobustoRobusto Ireland even now will be a net contributor the same as the other countries paused temporarily due to COVID-19 the same as all the other countries as they are all getting extreme amounts of money from the ECB.
Please explain why we (The UK ) is still paying the EU £24 million a day even though we have left?? Can’t get my head around it🏴👍🏻
Eu subscription is expensive
It has been said many times before but bears repeating; If the EU had ever been a common market for the mutual benefit of paying members and had not become a political project (particularly one full of gravy train corruption) then GB would have been a willing participant. Powell recognised the political superstate ambitions and warned of them in his book The Common Market, the case against. It is actually irrelevant how well or badly the project fares without the UK, those who wanted to leave wanted to leave on principle, the nation state responsible for its own destiny and able to make its own decisions for its own benefit
Spot on
Excellent summation. I'll be subscribing on the basis of this. Cheers.
You are doing a great job at clarifying subject that mass media aren't capable (or not interested) to explain clearly. Keep the good work !
Britain did not leave Europe. Still there. It left the EU which has nothing to do with Europe. Come on lads, you remember from primary school, one is politics and one is geography.
What do you mean “When we leave” ?? We’ve already left. Try to keep up !!
And the new EU buget was already agreed - most of the problems with UK leaving before the end of the 2014-2020 budget were solved by the UK leaving at the end of the period. Really a non-topic, this video.
The video was made before they reached a deal and before they left.
@Universal Space Expeditioner WRONG !!!!! I’m begging for nothing...try again !!🥴
What I'm taking away from this is that the UK screwed itself over in two ways:
1. They suffer from major shortages right now that may cause some serious turmoil in the near future. They were more reliant on outside resources than they thought and don't have a plan to cover those up.
2. They still have to contribute to the EU's moneypool, one of the reasons they wanted out in the first place.
Brexit was a disastrous idea, and I sincerely feel bad for everyone that did or couldn't vote against it, mainly most UK residents under the age of 35 that will suffer the most from this.
honestly can't wait to move out, doubt they'll be any progressive change to our politics in my life time :(
There are no major shortages. It's just mainstream media hype and will be finished in the near future.
@@canismajoris6733 … you guys have been saying this for months. Your credibility is now far down in the negatives.
Mate it isn’t a shortage we have a shortage of drivers to take the product to the places we need them to be but I was anti Brexit it’s a daft idea and only disunite Europe even more
@@archdornan3068 a shortage of drivers is still a shortage though
Funny how the most conservative Poland is is getting most of that sweet European money
They're probably pulling a similar scheme to Hungary, funnelling the grant money to infrastructure into private companies held by friends of the government.
Funny because?
@@KiLLJoYRUclips because its ironic
I mean we opened our businesses to European companies which now have near monopoles in many sectors of the Polish economy (Press, Supermarkets exc.), its like EU (Germany and France) is paying Poland to pay EU companies to build roads for EU trucks to send EU products to EU owned shops so at the end of the day most of the money goes back to Germany and France and Polish companies have problems to contend. And what conservatism has to do with the EU money as far as I know its not Social-Democratic European States, wasn't the reason why UK left EU a fact that EU became more like USA with its tendencies to create one big country. Why we all need to bow our heads to Germany and France who now control the EU to get money which wasn't a thing when we joined? Additionally a lot of Germans and a German government thinks that EU money that Poland gets is in form of reparations for World War 2 that we never got payed for because as soviet puppet we renounced them (so in reality Soviet Union renounced them) which in truth was just a way for soviets to not payed them as well.
@@Tyanus2 I don’t get why it is a argument to say “we didn’t join for a European state”. Even Winston Churchill said “We must build a kind of United States of Europe”. This was and is the plan of the EU. Now saying that’s your problem with EU is like joining a gym club and declaring sport activities as a problem of this club. And Churchill (pm of the UK) isn’t the only one who said that before.. Konrad Adenauer (chancellor of Germany) for example.
We're coping brilliantly with it the constant whining and grandstanding of the English and Welsh. Scotland is welcome back as soon as they declare themselves an independent country as Ireland did
The money being paid into the EU coffers also includes import tariff collections and VAT contributions plus special one off payments and fines.
Our money splashed up the wall.
yup... and now that britain is off the hook... my country has been tasked to pay even more then we currently do. disgusting :)
The UK net contribution of £8 billion is a lot less than 1% of EU GNP... The EU can cope...
If we want to put a number tag on it it's about half a promille. That's ~0.05% of the EU's collective GNP.
The UK's net contribution fluctuates from around £9 billion to £12 billion. Add to that around £5 billion per year in VAT and around £15 billion in import tariffs. Now you might start to understand why the EU needs to cut is 7 yr multi annual budget . So the EU has lost around £30 billion a year from the UK leaving... Not laughing now eh especially when the countries lining up to join include Kosovo, Albania, Montenegro etc...Oh the riches they will bring.......Lastly Italy is financially fucked and capital flight from Italy to Germany in the past 18 months has reached around €200 billion . Word of advice , I wouldn't have any financial stake or currency in Italy which by the way when it goes pop will leave Germany alone holding €200 billion of worthless IOU's from Italy in Target 2 (You might wanna look that up) . The Bundesbank will need re-financing by the German public who will go mental. lol
Don't worry about the UK worry about Italy going broke in the next 12-18 months..
@@adriansams6066 Sorry , but all UK VAT goes to the UK.. The only obligation was a minimum of 5% to stop members undercuting each other. As the UK government really, like REALLY, needs its VAT income, it was a good thing we couldn't be under cut..
As for your other figures.. They are nonsense.. Our gross pa payment was £13 billion and the supposed net figure of £8 was in fact much lower as it included the likes of Euratom (which we continue to be in and pay into), EU data bases and the EU GPS satellite scheme, etc. . In respect to the EU satellite scheme, having been forced to abandon our own scheme .. I confidently predict we will soon rejoin the EU one. ... As with Euratom, sometimes it really is best to be working together! 😂
@@adriansams6066 Italy has been predicted as going bankrupt for decades.. Hasn't happened. I agree the Euro was introduced to hastily and needs reform but it has proven remarkable resilient. Even the Greeks don't want to leave it. Maybe from. experience they realise that a constant depreciating currency is not the path to prosperity.. I do wonder why most Brexits think that if we had joined the Euro why we would now be more like Greece rather than Holland or Germany.. But, we didn't join.. With all our opt our we were essentially just members of the SM plus a few xtras like EU health cards.. And the SM was great for the UK. We pushed for its creation and it was and is the only large market that had such unrestricted access for our best export, namely services.... And there was no £15 billion on tariffs...sheer fantasy on ur part..
@@pyellard3013 The EU along with successive Italian Government kicked the can down the road by tinkering with the problem without addressing it. the same thing the EU did with the Euro,Migrant crisis etc. Sooner or later the issue has to be addressed or it blows the Eurozone part. That position will arise within the next 12-18 months. They have run out of road to kick the can down ,hense why €200 billion in capital flight in the last 18 months.
The simple reason why the Euro has survived is because Germany has continued to support it and now we have the ECB printing money. Printing money (Quantitative Easing) is done by a Federal Reserve, Bank of England etc and the ECB was never set up to print money which even a schoolboy level economics student would know is debt. So the ECB prints money/Debt which is now owned by the frugul countries such as The Netherlands, Germany.Austria etc and they are not going to pump more money into the fuckwit,lazy Southern EU countries.
Regarding the Single Market, with respect you really don't understand how it works. the Single Market was not good for the UK because its a protectionists system. The so called free trade is nothing of the sort. The CAP for instance subsidises inefficient French farmers and has done for decades.The Pro EU lobby claim food produced in the EU is cheap when in reality its not because even today alomost 50% of the entire EU budget goes to farmers. The health standards are awful and it uses tariffs to make prducts produced outside of the EU expensive for EU citizens to buy.... Sorry matey but the EU and its Euro currency and it's protectionist system is shite.. Now tell me something if the EU is so fabulous why is it's share of world trade falling every single year?. If the EU is such a great idea why is it only poor countries wish to join it?..
Quote : " With all our opt our we were essentially just members of the SM plus a few xtras like EU health cards"... Utter and complete bollox. Only around 8% of UK businesses dealt with the EU but 100% of UK businesses were forced to accept EU bureaucracy.. You're talking bollox and whilst you do that we will sit and watch Italy go bust and the EU fall apart. What will happen is Germany will leave the EU but probably after Italy has left the Eurozone... lol if nothing else you made me laugh so cheers for that..
It's about time that "he who pays the piper, picks the tune". ;-)
Sure you are right, but expect the Polish-Hungarian Veto Club to stop this from happening also in following years.
Ceterum censeo Unionem Europaeam esse delendam 😈
@Αναντάμ Παπαντάμ Let's hope not. Despite I passionately hate the EU, never should this repeat in Brussels - or anywhere else in the world - what we saw from DC this week. There are peaceful ways of protest. Violence never is a solution.
@@MirkoC407 Do you realize that "government" is a gang of people taking the monopoly right of violence and aggression to others? Hence; "Government never is a solution". For the record; I agree with you...
That’s what I never understood.. as a net contributor, like other net contributors, like Germany and The Netherlands called the shots, but the UK couldn’t. What went wrong?
@@oudediepje862 I don't think D or NL calls the shots. Rather, they pave the way to compromises with their money. And PL and HU and the likes got used to complaining and bitching and being a nuisance while still knowing that in the end they can blackmail the EU for more money.
NO DEAL wAS ALWAYS THE BEST OPTION FOR THE UK . If we pay some in we must get some out.