EU proposes $1.6 B for food

from the Winnipeg Sun

The EU is making a move to help in the global food crisis. They have asked member nations to ratify this proposal by November. - Kale

BRUSSELS, Belgium — The European Union is proposing a $1.6-billion, two-year emergency fund to help poor countries cope with the global food crisis.

European Commission President Jose Manuel Barroso says the fund will aim to help mostly African nations and stabilize supply markets.

The fund has been put together from cash that has gone unspent in this year’s EU farm budget.


The EU Commission will only give out cash to countries that are found to be the most reliant on food imports and have been hardest hit by food price inflation.

Link to full article. May expire in future.