The House of Lords European Union Committee has slammed the European Commission’s €139bn preliminary draft budget (PDB) for 2010 as it has kept “a very high level of spending on agriculture.” According to the Committee it is “disappointing in the context of the financial crises that this proportion remains so large.”
Baroness Cohen, Chairman of the EU Sub-Committee, has said: “At a time when it is clear that Europe’s economy needs major economic stimulus, it is very frustrating that so much of the EU’s spending continues to be channelled to agricultural spending that provides very poor value for money." Read the House of Lords EU Committee report on 2010 EC Budget here.
