Germany to push for farm spending limits
GERMANY will press foreign and finance ministers today (Monday) to set limits on farm spending in the years to 2006.
The Germans will propose a “top-down” system of control to hold farm spending to a ceiling lower than present guidelines.
The aim is to stabilise outlays on the common agricultural policy (CAP) at current levels until 2006.
Germany is taking the lead on farm reform as holder of the European Unions six month rotating presidency.
It admits there are other ways of reducing farm spending, but says the alternatives are less rigorous and more complicated.
- Financial Times 25/01/99 page 3, page 40 (FT Guide To The Week)