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and the difference between the EU average and the regions' average GDP

Roughly. There are other measures used too, like the state of the infrastructure. This is why your example, Ireland, was still eligible.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu Sep 28th, 2006 at 04:18:34 AM EST
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Good old Ireland: high income, low wealth.
by Colman (colman at eurotrib.com) on Thu Sep 28th, 2006 at 04:19:35 AM EST
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How about saving, investment and consumption? Is the high income being used to increase the wealth?

Those whom the Gods wish to destroy They first make mad. -- Euripides
by Carrie (migeru at eurotrib dot com) on Thu Sep 28th, 2006 at 05:53:05 AM EST
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Sure, lots of infrastructure building going on. But take a trip through Germany or the UK and compare it to Ireland - we're still way behind on our infrastructural stock - comes of spending fifty years avoiding developing an economy.
by Colman (colman at eurotrib.com) on Thu Sep 28th, 2006 at 05:56:24 AM EST
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