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by motomoto
2174 days ago
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Romania GDP per capita grew more that 6 times in the last 30 years. Talk about being clueless: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locat... Still on the subject of Romania, no, it's not the mythical EU funds that fuel this growth, because the funds are tiny compared to the size of the economy and 2/3 end up not being spent at all because extremely strict anti-corruption measures that make it a massive pain in the ass to try and access EU funds. Government debt is at 35% of GDP, growth rate is constantly among best 3 in EU, constantly over 5%, unemployment under 4%, wages grow between 5-7% annually, inflation is under 3%, criminality is way lower than the West etc. Is that bad? And I think Romania could do even better if not for EU's idiotic trade policy and regulation bullshit. |
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It may not be EU's funds that fuel our growth (although they help), however not sure if you're aware but the growth you're talking of happened after we entered EU, not before.
Before EU we were at the same level as Moldova. Our growth is perfectly correlated with our EU membership. If you want to see what would have happened without EU, look at Moldova.
And it's easy to see why. In spite of regulations, compared to the 90s we have a market to sell our products to. We no longer build tractors that nobody wants. And we exported our poverty, the poor and uneducated becoming seasonal workers, that no longer need a passport and visa to travel and that then send money home.
Also the anti-corruption policies you mentioned have been fueled by EU membership too, things moving under foreign pressure. Speaking of which it's not actually anti-corruption measures that prevent us from accessing EU's funds but our government's incompetence.
We disagree. I think Romania would be the shithole that it was in the 90s if it wasn't for EU and its "trade policy and regulation bullshit". The arrangement was and continues to be mutually beneficial.