EU farm budget frozen for next seven years and conditioned to ‘greening’

Friday, July 1st 2011 - 06:23 UTC

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The European Union has published its long-awaited budget, which will see spending on the Common Agricultural Policy (CAP) frozen for the next seven years and make 30% of direct support conditional on ‘greening’. Read full article

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GeoffWard2
“A new reserve of €3.5bn will be created for crises in the agriculture sector, and up to €2.5bn used to extend the scope of the European Globalisation Fund, which acts as compensation for negative impacts of global trade agreements.”

I read this as the signal to Mercosur that the EU is ready to conclude business.

The negative impact on the livestock farmers of the EU will be borne by taxing the EU population to the tune of 3.5 billion Euros in order that the Mercosur trade agreement can come about.
Jul 01st, 2011 - 03:53 pm - Link - Report abuse 0
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