That's why we see such an opportunity through structural funds to do something to redress this balance.
Since 2004, EU membership and access to EU structural funds have provided a major boost to the economy.
Others suggest financial penalties, such as holding back cohesion and structural funds, even support for farming and fisheries.
France is pushing for cuts in the structural funds even as it defends the wasteful common agricultural policy.
In the structural funds this year the Commission recovered 843m euros in corrections.
The Council of Ministers would be to blame if structural funds to his Welsh constituency were cut, he said.
Structural funds are allocated in order to reduce regional disparities in terms of income, wealth and opportunities amongst European union members.
"Any delay in agreeing this budget and any cuts to either Cap or structural funds would not be in Wales' best interests, " he said.
Patricia Ferguson MSP said told the committee it was right Brussels leads on overarching issues of structural funds, Horizon 2020 and the Euro zone.
Structural Funds are distributed by the European Union on a seven-year basis in order to reduce regional disparities in terms of income, wealth and opportunities.
Mr Blair is expected to try to secure their approval by lowering the level of matching grants they must supply to qualify for EU structural funds.
The Scottish government said the deal would cut the UK's allocation of structural funds by about 6%, amounting to 30% in Scotland, according to "initial" calculations.
"We want spending maintained at current levels both within the CAP and structural funds to help us through the current economic climate, " added the deputy minister.
Enlargement or no enlargement, the structural funds too need overhaul.
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Alison Cairns from the Scottish Council for Voluntary Organisations (SCVO) said structural funds needed to be flexible, not one size fits all, to ensure smaller organisations were not marginalised.
Labour's deputy minister for European programmes, Alun Davies, said Wales had benefited from the EU's common agricultural policy (Cap) payments to farmers and structural funds to improve the economy.
In the second session MSPs quizzed Dr Jeff Howarth from the University of Highlands and Islands, Graeme Hyslop from Langside College and Derek Banks from Coatbridge College on EU Structural Funds.
Mr Davies stressed that all EU programmes, which include the Structural Funds, Rural Development and Fisheries programmes, will work together to deliver sustainable benefits for people, businesses and communities across Wales.
"As a net beneficiary of EU membership, parts of Wales receive structural funds for all-important fields such as agriculture and education - funding which is vital for some of our poorest communities, " she said.
He also recommended that the next round of structural funds prioritises actions which have the potential to have a transformational social and economic impact on Wales in generating jobs at all levels and sustainable growth.
And I have presented this initiative after consultations with Prime Minister Papandreou to look at how we can use the existing European funds, structural funds, in Greece, so they maximise their immediate impact on growth and jobs.
The committee was gathering evidence as part of its inquiry into the next round of European Structural Funds, which Professor Phil Gummett from the higher education funding body HEFCW said was essential for funding academic research in Wales.
So our common goals of ensuring that Britain is in Europe, and helping to run Europe, thereby achieving economic reform, changes to the protectionist common agricultural policy, reform of the structural funds, and so on, are made even more difficult.
That kind of move is likely to result in the kind of strained relations with the rest of Europe that would make structural funds a fantasy and possibility put the country firmly on track for an exit from the currency within a few months.
First, there are the unused structural and cohesion funds that some of the crisis economies have access to.
In particular, they will work to secure reform of the Common Agricultural Policy and Structural and Cohesion Funds and to ensure that the EU policies and institutions meet the concerns of our citizens.
This will enable churches to apply for money not only for structural repairs, but also for funds to support new works such as the provision of toilets and kitchens.
While there are no structural requirements that a venture fund must meet, these funds are generally organized as limited partnerships.
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