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Germany gets €780m EU rebate for poor growth
TheLocal.de ^ | 24 Oct 2014 11:19 GMT+02:00

Posted on 10/24/2014 7:46:44 AM PDT by Olog-hai

Germany will get an early Christmas present of around €779 million from the EU, thanks to weaker than expected GDP growth.

It will receive the rebate on its contributions to the European Union on December 1st, while Britain will have to pay €2.1 billion on the same day.

“The British economy is growing much faster than the others, and the logic is the same as with tax: if someone earns more, they pay more tax,” EC spokesman Patrizio Fiorilli told AFP. …

(Excerpt) Read more at thelocal.de ...


TOPICS: Business/Economy; Germany; News/Current Events
KEYWORDS: eurobanking; eussr; poorgrowth; rebate

1 posted on 10/24/2014 7:46:44 AM PDT by Olog-hai
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To: Olog-hai

Britain just got a bill of 1.7 million Euros (or pounds, I’m not certain) from the EU for above-average growth. So, on balance, the UK will pay Germany.

Make sense?


2 posted on 10/24/2014 7:51:08 AM PDT by Pearls Before Swine
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To: Olog-hai

people still don’t get it.....union is the key word...


3 posted on 10/24/2014 7:53:06 AM PDT by Sacajaweau
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To: Sacajaweau

we pay the kitty too...via import and export taxes.


4 posted on 10/24/2014 8:01:47 AM PDT by Sacajaweau
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To: Olog-hai

Poor economic growth reduces climate change.
Of course they are being rewarded!


5 posted on 10/24/2014 8:23:51 AM PDT by Buckeye McFrog
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To: Pearls Before Swine

Britain still uses pounds sterling (£). The amount they had to pay in that currency was £1.7 billion, which is the same as the €2.1 billion cited in the article. The EU has been pressuring the UK to abandon the pound and surrender to the euro, but so far the UK has held firm.

The majority of Germans did not want the euro, and they still want the Deutsche mark back.


6 posted on 10/24/2014 8:59:45 AM PDT by Olog-hai
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To: Olog-hai

Why on earth would the UK want to belong to an organization that penalizes success and rewards failure ?


7 posted on 10/24/2014 9:14:48 AM PDT by Timocrat (Ingnorantia non excusat)
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To: Olog-hai
This is idiotic without mentioning the total contributions at the same time.

A quick google search turned up the numbers for 2011, when Germany paid in roughly 20 bn while the UK paid in 11 bn.

http://www.theguardian.com/news/datablog/2012/nov/22/eu-budget-spending-contributions-european-union

I'd be surprised if the more current numbers are vastly different, and speaking of "an early Christmas present" is simply adding insult to injury.

8 posted on 10/24/2014 11:15:59 AM PDT by Moltke ("The Press, Watson, is a most valuable institution if you only know how to use it.")
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To: Moltke; a fool in paradise

lol

they get a little of their own money back, oh joy, there will celebration in the street.... we weren’t robbed as badly as expected... party time.


9 posted on 10/24/2014 11:18:02 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Pearls Before Swine
So, on balance, the UK will pay Germany.

See my post #8.

Surpressing relevant facts = lying by omission.

Make sense?

Well, does it?

10 posted on 10/24/2014 11:28:20 AM PDT by Moltke ("The Press, Watson, is a most valuable institution if you only know how to use it.")
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To: GeronL

Thanks, you GOT it. The propagandists will always tell you to NOT look behind the curtain...

That said - disclaimer! - the sooner the current EU structure is destroyed, the better!


11 posted on 10/24/2014 11:37:21 AM PDT by Moltke ("The Press, Watson, is a most valuable institution if you only know how to use it.")
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To: Moltke

I wonder what the left-wing Manchester Guardian left out, never mind what Brussels left and leaves out (especially under Maoist Barroso).


12 posted on 10/24/2014 12:00:55 PM PDT by Olog-hai
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To: Moltke

Neither the Guardian nor Brussels can be relied upon to be factual.


13 posted on 10/24/2014 12:01:35 PM PDT by Olog-hai
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To: Moltke

bump


14 posted on 10/24/2014 12:14:06 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Olog-hai

You do not like the source so you dispute the information? Like I posted, I just did a quick google search, and that was fairly at the top so I used it.

If you have a more reliable source that negates those numbers, please post it. I wasn’t bothered to dig deeper for other sources or the 2013 numbers, so feel free to do so and educate us how what I posted was all lies.


15 posted on 10/24/2014 1:22:15 PM PDT by Moltke ("The Press, Watson, is a most valuable institution if you only know how to use it.")
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