AGRICULTURE ministers of the European
Community (EC) member-nations seem
extremely reluctant to go ahead with
their proposed "green agenda" at the
cost of offending the farming population. At the 2-day farm council meeting
at Luxembourg, they put off the decision to implement rate changes in the
green currency system, agreeing to take
up the issue when they meet again on
May 29. The Luxembourg meeting was
@onvened specifically to discuss the
problems involved in the agri-monetary
s% stem, which includes revaluations of a
4reen currency", the rate that converts
I-ommon farm prices and subsidies into
national currencies. But this also entails
a corresponding fall in the value of aid
to farmers and is likely to erode their
income.
In an attempt to protect its farmers
from the adverse effects of a strong
Deutschmark, Germany has even suggested that the EC pay the farmers to
compensate for the revaluation.
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