Unspent EU farm aid to go to Africa

The European Union will channel one billion euros (US$1,6 bn) in unused European farm subsidies to African farmers as part of its response to the global food crisis, the head of the EU executive said.

8 Jul 2008

"The EU really can give a boost to agriculture in developing countries," European Commission President Jose Manuel Barroso told reporters on the first day of a meeting of G8 rich nations' leaders in northern Japan, where soaring food prices are high on the agenda.

Read the full article here.