27 January 1999
Germany resolves to reform CAP

GERMANY is limbering up for a determined attempt at cutting the European Unions farm budget, according to a report in the Financial Times.

Germany, which currently holds the six-month presidency of the European Union (EU) wants the cuts agreed by March.

The planned reduction to the EU farm budget will enable Germany to reduce its own net financial contribution to Europe.

Bonn officials suggest that co-financing the farm budget by national capitals will be one means of achieving this aim.

They propose a week-long farm ministers council at the end of February to push through the proposals and then an informal summit of EU heads of government.