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Image header Agence Europe
Europe Daily Bulletin No. 11519
SECTORAL POLICIES / (ae) agriculture

Financial discipline sees 1.3% fall in direct aid in 2016

Brussels, 24/03/2016 (Agence Europe) - The European Commission adopted a proposal on Tuesday 22 March on application of financial discipline in order to build up the agricultural crisis reserve for 2016, amounting to €450.5 million.

This is a customary annual procedure for reducing direct aid in order to build up the reserve. If not used, the money returns to farmers. At the moment, most EU countries want the crisis reserve to be used to finance additional measures to bolster the milk,...