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Czech Hungary Poland. & the Financial Crisis. Background:. EU accession: 2004 Subjects to excessive deficit procedures Have not yet adopted the euro. Background. Unemployment. Exports/Imports. CZR – 8.6% HUN – 11.2% POL – 12.6%.

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czech hungary poland

CzechHungaryPoland

& the Financial Crisis

background
Background:
  • EU accession: 2004
  • Subjects to excessive deficit procedures
  • Have not yet adopted the euro
unemployment

Background

Unemployment

Exports/Imports

  • CZR – 8.6%
  • HUN – 11.2%
  • POL – 12.6%
  • CZR – machinery and transport equipment, raw materials, chem. (exp. & imp. POL 6.3%, 7.1% )
  • HUN – machinery, other manufacture (imp. POL 4.7%)
  • POL – machinery, manufacture, food and live animals, chemicals

Occupied in agriculture & industry:

  • CZR – 3.1%, 38.6%
  • HUN – 4.7%, 30.9%
  • POL – 17.4%, 29.2%
slide4

Background

  • People at risk of poverty or social exclusion:

Czech > 15%,

Hungary > 30%,

Poland > 25%.

  • Common policy issues: public finance, economic growth, narrowing budget deficit, employment & labor force participation
slide7

Comparison

Millions of euros

slide8

Comparison

Millions of euros

slide9

Comparison

Millions of euros

slide10

Comparison

Millions of euros

slide11

Comparison

Millions of euros

slide12

Czech Republic

  • Czech is a net beneficiary, opposing decreasing of the budget.
  • Money saved on CAP will be allocated to education, research and energy security.
  • 5.4 bil euros for agriculture and 1.9 bil for development.
slide13

Hungary

  • 60% of EU funds will be used on economic development
  • €48m for unemployment
  • Biggest payout per capita
  • 10% lower than the previous budget deal
slide14

Poland

  • Finance Minister JacekRostowski : “a unique, huge success”
  • 52% of all public investment comes from EU budget
  • "development eastern Poland" programme
  • Wants a "European defense force" to guarantee European security
delaying euro adoption
Delaying Euro Adoption
  • Excuse: Eurozone crisis
  • Exchange Rate Mechanism II (ERM II)
  • Minimum 2 years

% of respondents who think that the consequences of adopting the euro are “very and rather negative”

conclusion
Conclusion
  • Friends of Cohesion
  • Poorer regions that benefit highly
  • Positive ending
slide17

Sources

The Guardian: EU budget: how much does each country pay and where does it get spent?

EurActiv: EU budget summit aftermath: ‘Everyone’s a winner’

European Commission: Where does the money go?

4-traders: Government succeeds in EU budget negotiations

Syracuse University Conference: “The Euro Crisis and the Future of the European Union”

The Guardian: EU budget interactive

The Guardian: EU leaders reach historic budget deal - as it happened