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Europe Daily Bulletin No. 9704

16 July 2008
Contents Publication in full By article 19 / 44
GENERAL NEWS / (eu) ep/food crisis
Louis Michel specifies aims and advantages of future €1 billion facility for agriculture in developing countries - Formal proposal on 18 July

Brussels, 15/07/2008 (Agence Europe) - On 18 July, the European Commission is expected to propose making €1 billion available from the Community budget for agriculture in developing countries to help the latter attenuate the impact of the food crisis that hits them head on. The €1 billion would mainly be made up of export refunds not used in the common agricultural policy (CAP) budget, at the rate of €750 million for 2008 and €250 million for 2009.

The proposal for a regulation...

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