EUROPEAN UNION FOOD PRIDUCTION SUPPORT BUDGET COULD FACE BUDGET AXE – OFFICIALS WARN
November 1st, 2012
BY KEITH NUTHALL
European Commission officials have told just-food the European Union's (EU) annual Euro EUR3.1 billion food production subsidy budget is facing deep cuts. Heads of government will meet November 22-23 in Brussels to agree a 2014-20 spending deal. And officials warn new proposals from European Council president Herman van Rompuy demand additional de facto cuts of 10.8% in all Common Agricultural Policy (CAP) spending - above an already planned 12% reduction. One official highlighted fruit and vegetables' EUR500 million subsidy budget as one of ...
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