Subscribe & Follow
Jobs
- Customer Service (UK Market) Work from Home Nationwide
- Junior Farm Supervisor Potchefstroom
France told to repay US$1.2bn in EU farm aid
![France told to repay US$1.2bn in EU farm aid](https://biz-file.com/c/1501/254809.jpg)
The money, about 2% of the 40 billion that France has received from Brussels between 2008 and 2012 under the EU's Common Agricultural Policy, must be repaid in three instalments up to 2017, a European source said.
France was penalised for failing to check farmers' claims for subsidies, especially on environmental issues and calculating the area of arable land.
Fifteen European Union nations were hit by demands to repay farm aid but France was by far the worst hit, according to figures in the EU's official journal.
Paris did however manage to reduce the sum from the 1.8 billion euros initially demanded by Brussels, officials said.
The demand comes just months after British Prime Minister David Cameron was enraged by a 2.1 billion euro bill from Brussels that was based on a recalculation of EU nations' budgets dating back a decade.
Britain later said it had halved the bill and managed to extend the deadline for payment from 1 December 2014, until September 2015.
The Common Agricultural Policy, which accounts for 38% of the Brussels budget, has been a subject of debate almost as long as the bloc has existed.
Spending on farming has traditionally divided EU states, with France, Spain, Germany and Italy the major beneficiaries of agricultural subsidies.
Source: I-Net Bridge
![](https://biz-file.com/b/1206/36520.gif?3)
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za![](/res/img/s.gif)