The new member countries of European Union and Turkey?s status towards the financial cooperation policies of European Union

The aim of this study is to analyze the emergence and development of financial cooperation policies of twelve countries who became members to EU recently in light of the European Union financial co-operation and solidarity policies, and in this context, to compare the financial help Turkey received until today, in respect of periods, against the country groups, of which it?s a part of. Especially, how the new member countries and Turkey took advantage of and are still taking advantage of these financial helps will be evaluated by comparison. Various unions which are formed throughout the history became unsuccessful due to the fact that they couldn?t balance out the various benefits between the member countries. It comes naturally that in economical unions, some member countries receive more help from the others, and it might even hurt some countries. So identifying and measuring the effects which create a benefit, and creating a benefit balance with a compensation mechanism is elementary to keep the members on the same page and maintain the well being of the union. EU is one of the most successful unions in the history because; it can keep the countries together for a long time, countries which are on way different development levels. European Economy Community, which forms the economical aspect of EU, is composed of a common benefit and solidarity system which carries out the customs and its rightly function of common trade policy and compensation mechanism. When you look at EU, you can immediately see the industrial difference between the well developed countries of the north and underdeveloped countries of the south, like Greece, Spain and Portugal. As a consequence of this difference, it is inevitable for these mentioned countries not to give large quantities of trade gap to the Union. That kind of trade relationship only makes the developed countries become more developed, and underdeveloped countries go backwards. In order to break this cycle, The Union has developed various compensation and solidarity mechanisms. The examples would be Europe Investment Banks and EU budget. The compensation mechanism in EU doesn't prioritize the direct transfer of resources to disadvantaged countries in trade, but instead tries to spread the development and well being to all the Union geographic areas in a spirit of solidarity.