The European Union and Greece: Political Acceptability and Financial Transfers

In this paper a conceptual model is developed that relates loyalty to a community of countries to the material benefits derived from it, measured by the transfer of extra income. We argue that the extent of a country's welfare, and consequently its acceptance to participate in a community increase together with the latter's scope for influence on the former. We use the paradigm of Greece, which is one of the main recipient countries in the EU. It was found that financial transfers concerning regional policy affect in the long-run ‘the acceptance of European integration’ by the public in Greece while social policy funds appear to have short-run positive effects on public opinion.