"I think we have learned a lot of lessons," Johannes Hahn, the EU's head of regional policy, said in an interview. He said "a lot of changes" are being considered to funding in the EU, the world's biggest economy.Countries in the bloc of 505 million people pool financial resources in the EU's seven-year budget programs. Taxpayers in wealthier northern members like Germany pay the biggest amounts. Some of the money is set aside for so-called structural funds, to help less prosperous areas bring their standards of living closer to the EU average.
Unwise Spending Exposes Europe's Economic Errors
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