The President of the European Council proposes drastic cutbacks in agricultural subsidies

The President of the European Council submitted a proposal to the Member States, which could result in 573 million euros reduction for Hungary's agricultural subsidies in seven years. Beside the cohesion policy, the common agricultural policy’s budget would be the main loser of Herman Van Rompuy's proposal.

The latest proposal, together with the previous would decrease the budget by 75 billion euros from the proposed 1,033 million euros seven-year budget the European Commission. By taking the non-budgetary items into account the cut would reach almost 81 billion euros. (Bruxinfo.hu, Gyévai Zoltán)