Some think it is! and they created also a website: http://wellspent.eu/ that tells the story of some smart & green European projects...too few in my opinion (as the EC published last week a list with around 100 successful projects).
Nimic despre Romania pe site-ul mai sus mentionat...poate fiindca banii nu sunt bine cheltuiti? cine stie...insa Bulgaria este mentionata cu proiectul de renovare al metroului din Sofia!!! Nice, nu? ca noi nu am reusit sa atragem bani pentru metroul nostru, ba chiar lucrarile s-au amanat...
Anyway, http://wellspent.eu/, take a look at the video - it's well done ;)