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The European Union (EU) budget is about one percent of the Gross Domestic Product (GDP) of all Member States amounting to about €240 per annum, per citizen. The EU budget redistributes more than €150 billion annually. These funds are directed towards agriculture and regional policy, which operate to...

An older post, but still up-to-date.

The long-debated exit of Greece from the Eurozone as a consequence of the current financial crisis has re-emerged in January 2015 when German finance minister Schäuble indicated that a so-called ‘Grexit’ would be a scenario no longer unimaginable for the other...