Euromillions: how far does money from Brussels boost growth?
The European Union spends €130 billion per year, equivalent to roughly 1% of the gross national income of its 27 member states. In times of shrinking national budgets, a number of governments firmly believe that further swelling the EU budget must be resisted, and the British Government hailed the real-terms cut in the EU budget announced in February 2013 as “good for the UK and good for Europe”.
But, given the on-going discussion about whether powers should be repatriated from Europe, what does the evidence tell us about how effectively European money is spent? Would there be better ways to spend this money?
Professor Sascha Becker
Sascha Becker is Professor of Economics at the University of Warwick and Deputy Director at Centre for Competitive Advantage in the Global Economy (CAGE).
This event is kindly supported by the ESRC.