Brussels, 03/10/2008 (Agence Europe) - In the middle of September, the European Commission adopted a draft amending budget (the 8th for the 2008 budget) introducing a new budget post 'Rapid response to rising food prices in developing countries'. It is planning to reserve €750 million in commitment appropriations while the relevant legislation is passed. No payment appropriations have been earmarked for 2008 because the legislation is unlikely to be adopted before the end of the year.
The...