European subsidies under threat

The EU will today be discussing proposals by the Cypriot presidency to reduce European aid and subsidies in certain areas as part of the 2014-2020 budget, a measure which could affect Andalucia, Galicia, Castilla-La Mancha and  Murcia.

There appears to be little support for subsidies to the so-called ‘transition regions’, where the level of wealth per capita is between 75% and 90% of the EU average. This would mean that Andalucia, Galicia and Castilla-La Mancha would lose the majority of their subsidies.

Earlier suggestions by Brussels had been to maintain subsidies at two-thirds of their current levels. Germany is another country which has regions in a similar situation.

The document being discussed by the 27 member states also included a proposal to freeze European aid to any country not carrying out EU recommendations in relation to excessive deficits.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: