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The EU operates on a shoestring budget relative to its GDP compared to national capitals. 🇪🇺: 1% of GDP 🇺🇸: 24% of GDP Both exclude member state budgets. The contrast is even more striking when compared to non-federal unitary states. 🇬🇧: 46% of GDP 🇫🇷: 57% of GDP

As Morning Post notes this morning, there's a mismatch between the European ambition national leaders are calling for and the amount they’re willing to spend on it. And the media narrative is still that the EU already spends too much and is wasteful. But hypocrisy is nothing new here at #EUCO.