Polish $300 Billion Aid Package Hides EU Expansion Flaws

“Halfway through a 229 billion-euro ($317 billion) EU aid package, more than the entire Marshall Plan for postwar Europe in today’s dollars, the money kept the Polish economy growing when the rest of the continent went into recession. The new business parks, highways, soccer stadiums and airport terminals also mask how for many Poles the passage to prosperity is still to come, with 17 percent of families of four living on less than $400 a month. Unemployment is 13.5 percent. While that’s half the rate of crisis-hit Greece, it’s higher than Ireland, whose economy shrank for four of the last six years and remains a destination for many young Poles.”

http://www.bloomberg.com/news/2014-04-29/polish-300-billion-aid-package-hides-eu-expansion-flaws.html

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