First of all while many members of the EU are experiencing low or even negative growth the bailouts don’t actually make Europe poorer as they have so far been loans that will have to be paid out. Even if current members are unwilling or unable to give large subsidies to any members that may join the European Union in the future there will still be large economic benefits to joining. The principles of European integration, such as free competition or free movement of goods and capital, will foster the transition from a post-socialist economy to a free market economy in any new member states. The removal of custom barriers will enable producers to cut production costs, which will result in export increases. In addition, integration into the EU will encourage foreign investment. It will create new jobs and will bring new technologies and experience into East-central European industry and trade. New member states inevitably engage in a catch up phase where grow rapidly. The ten new members who joined the EU in 2004 grew from having an income per capita of 40% of the EU15’s average in 1999 to 52% in 2008 with most of the growth coming after membership where GDP growth was 5.5% from 2004-2008 compared to 3.5 % in 1999-2003. [1]  [1] European Commission, ‘Five Years on an enlarged EU – A win win result’ Press Conference, Europa.eu, 19 February 2009,