EU Admits Policy Failure in Cohesion Report

Bikes are chained to a fence along a canal on May 11, 2009 in Amsterdam, Netherlands. The Netherlands are among richer nations to invest their funds to poorer countries. Mark Dadswell/Getty Images
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Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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