^ Ha, pretty much. I can't speak for Greece, but when I was in Spain a few years ago, I was amazed how much new infrastructure was being build, with the vast majority of them having EU-funded signage. Everything from highways, interchanges, high speed trains etc, it was everywhere. Spain might be a poorer European country when it comes to individuals, but they have some of the most amazing infrastructure on the continent.
Although at least they are putting it to use...in a lot of eastern Euro countries that EU money just gets syphoned off into personal bank accounts.
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