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EU Budget: Austria Faces Massive Cuts

Published: November 14, 2012; 20:10 · (Vindobona)

After the negotiations have failed, the Commission presented a new draft. Major cuts for Austria seem inevitable.

EU Budget: Austria Faces Massive Cuts / Picture: © Flickr

The EU Commission proposed to cut expenses by € 75bn. Above all, the agricultural sector faces substantial cuts. Van Rompuy suggests to lower agricultural subsidies by 7% to € 356bn. Austria´s agricultural subsidies may be lowered by €1.0bn in the next six years, the Austrian Minister of Agriculture Nikolaus Berlakovich says. For Berlakovich, this would be an “attack against…

This article includes a total of 214 words.

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