EU damage calculation

Damage due to EU participation could be much more than a quadrillion. For the damage they caused, all NWO - EU fanatics will pay and also will go to jail for life (if they do not compromise). In order to find total damage from EU, damages for all harmed countries should be calculated separately and then added. Probably most countries are damaged due to EU participation. It is possible though that not all countries are damaged.

Each member country must be examined separately to determine if it was damaged and how much the damage was. The methodology is shown in the case of Hellas (Greece) as an example. There are three things needed; a) correct real values for GDP each year b) acceptable values for GDP each year c) interest rates for each year. For each country damage calculation should start when it became a member.

Real refers to the adjustment needed for price level changes. That should be relatively easy, if statistical data are correct. In some countries these are incorrect. Statistical data in Hellas are not correct, older are worse. Probably it is not the only country with incorrect data. That is what makes this task relatively difficult. If statistical data are correct, this part is easy. But it can't be taken for granted that data are correct and should be checked in every country.

The second part is to estimate how much GDP should have been each year. To find this, minimum acceptable growth rates for each year should be determined. It will be different in every country and in every year. In the previous example shown in Appendix 1, a simplified method was used with average annual growth rates. The accurate way is to determine a minimum acceptable growth rate for each year.

This depends mainly on a) the country's level of development b) global economic growth in a certain year. Countries with lower level of development have more room to develop and higher acceptable rates. As the economy develops, minimum acceptable growth rates will decline. World growth rates during a certain year should also be taken into consideration. Roughly, development level is shown by per capita income ppp, although these two are not the same.

Generally, richer countries are more developed but this is not strictly correct in all cases. In Appendix 4 we can see which countries have roughly the same development level (in Groups 3 and 4). To determine a country's minimum acceptable rate we would have to examine growth rates for that year for all countries in the world that have the same development level. We will not take the best or the worst but something in between.

Another way to approach minimum acceptable growth rates is to determine them according to world growth rate each year which is the weighted average of all countries. World growth rate will be adjusted according to a country's level of development. So two possible methods of determining minimum acceptable growth rates are based on a) growth in countries with same development b) world's growth rate. These two methods should lead to similar results.

In addition, interest should be calculated for the reimbursement. This will make the amount of reimbursement much bigger. So an adjusted for inflation interest rate should be determined in each country for each year. In this case interest rates in other countries are irrelevant because in every country there are different interest rates. We will continue with the most damaged EU country as an example, in Appendix 1B.

For Hellas, damage calculation starts in 1981 but for Italy it will be in 1958, for Spain in 1986 and for Poland in 2004. Minimum acceptable growth rates start at 4% and go down to 2%. These are just used as an example. Accurate determination will require considerable work. Nevertheless, probably accurate values would not be much different than these.

Italy is more advanced than Hellas, according to per capita income ppp (Appendix 4). Therefore, in the same year, Italy will have lower acceptable growth rates. But most likely, Italy in 1958 was less advanced than Greece in 1981. So most likely, Italy will start with higher acceptable growth rates. If we take into account that Italy's economy is 7 - 8 times bigger compared to Hellenic, Italy's damage could be much more than 7 - 8 times that of Hellas. This is only a guess, not an estimation.

We have mentioned several times that Hellas is the most damaged country due to EU participation. To be precise, Hellas is the most damaged Eastern European country, relatively to GDP because it has been in EU for much longer than other Eastern European countries. There will be many countries that will have more damage in absolute numbers compared to Greece's because they have bigger economies.

Italy could be the country more damaged in absolute numbers. Italy could also be more damaged relatively to GDP because it has been a member 23 years more than Hellas. During the last 40+ years, Hellas is the most damaged country due to EU participation, relatively to GDP. Italy's damage though starts 23 years earlier. So it is possible that Italy is most damaged in absolute numbers AND RELATIVELY to GDP.

Column 1 in Table A (Appendix 1B) shows growth rates each year. These are chosen randomly but average rate is not random. In that completely ruined country due to EU participation, most people that remember 1981 feel that they have lost at least one third of their bying power since then. We assume average growth rates 0% which is a lot better than what people feel. With 0% growth rates, some ignorants may believe that there was no damage but in reality damage is several trillions.

Column 2 shows the ratio of GDP  compared to that before joining EU, in the end of 1980. It remains close to 1 since according to the 0% growth rates assumption, the economy does not grow or shrink. These growth rates are not accurate, they are only used as demonstration. To find the correct real growth rates, considerable work will be required by some economists. Column 3 shows minimum acceptable growth rates and column 4 how many times the economy would have grown with these. 

In Table 2, Column 1 is the correct real GDP that occurred. Column 2 shows what GDP would have been with acceptable growth rates. Column 3 calculates their difference which is the damage every year. Column 4 finds the cumulative difference or the sum of all annual damages. In year 44 which is 2024, damage is 24,18 trillion, with the numbers used in this example. An accurate calculation could be less or more.

When interest is also calculated, the amount goes up. For instance, with 3% average interest rate, it becomes 43 trillion in 45 years and with 5% it will be 62 trillion. Let's assume that Italy's damage is bigger relatively to GDP. So total damage will be more than 7 - 8 times that of Greece. If it is 10 times more, damage just for Italy could be 430 trillion (3% interest rate) and 620 trillion (5% interest rate).

Note; GDP is shown in purchasing power parity values so that readers in different countries that have different price levels will comprehend better the amount. Reimbursement will be paid in nominal values so when the amount must be calculated, nominal values should be used. Population has remained approximately the same since 1981 and changes in per capita income and GDP are roughly the same.