Cautious note ahead of EU summit

23 March 1999

Cautious note ahead of EU summit

GERMANY struck a cautious note ahead of this weeks heads of government summit, expected to strike a final deal on farm subsidy reform, reports the Financial Times.

As the current holder of the European Union presidency, Germany warns there are significant barriers to reaching an accord on cutting farm expenditure.

France is apparently yet to be reconciled to the majority position on milk prices and quotas as a means of reforming the Common Agricultural Policy (CAP).

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