EU APPROVES MORE SUBSIDIES FOR EUROPEAN FARMERS
November 1st, 2009
BY KEITH NUTHALL
THE TREND of the European Union (EU) loosening its purse-strings to help hard-pressed food producers has taken another two steps forward. The European Commission has approved a German government scheme that will earmark Euro 100 million for German farmers suffering from the recession in interest rate subsidies, subsidised loans and subsidised guarantees until December 2010. Germany claims its farmers have lost Euro 6 billion in income in the past 12 months. Meanwhile, the EU Council of Ministers has authorized the Polish government to spend Euro ...
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