23 February 2000
EC to cut back farming funds
THE European Commission is expected to agree to cut 300 million (185m) from the maximum that can be spent under the EU Common Agriculture Policy.
The Financial Timesreports that this follows an agreement between agriculture commissioner Franz Fischler and Michaele Schreyer, commissioner for budgetary matters.
The cash will go towards aid for war-ravaged Kosovo.
The FT says this could lead to another expenditure cut of 100m. It leaves CAP spending at 39.6bn.
The commissioners said there would be no need to reopen Agenda 2000 reforms. Aides said it would not mean a cut in aid payments to farmers.
- Kosovos gain could be farmers loss, FWi, 21 February, 2000
- Financial Times 23/02/2000 page 4