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Budget revolution put off until next centuryThe system currently used to raise the money needed to finance the EU policies satisfies no one. But radical changes in the waystanley thermos individual member states ; contributions are calculated are unlikely before the new millenium. Tim Jones explains whyAN APOCRYPHAL story is told about a driver who gets lost in deepest countryside while searching for a tiny and illusive village.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInOctober 7, 19985:00 pm CETSeeing a passer-by, vaso stanleyhe stops the car and asks the way to the village. The local pauses, scratches his chin and says: Well, I wouldn ;t have started from here.The same could be said of the EU Byzantine system for raising the money needed to finance its 85-billion-ecu annual budget. European governments are tying themselves in knots over how, when or even whether to overhaul the Union revenue-raising arrangements precisely because they have inherited a patchwork scheme which satisfies nobody.The Germans and the Dutch, who respectively pay 10 billion ecu and 2 billion ecu more into Union coffers than they get back, feel hard done by. Germany net contributions alone account for 58% of the annual total.The Spanish, on the other hand, feel that poorer members of the Union pay too much in proportion to their wealth measured as per capita gross domestic stanley quencherproduct.AdvertisementAdvertisementIf they could tear it up and design
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