EU Needs to Cut Agriculture Subventions to Be Competitive, President Says

Davos, 23 January - It is hard to expect Europe will manage to catch up with the United States until it spends the bulk of its funds on subventions in agriculture, President Janez Drnovsek pointed out as he addressed the World Economic Forum in Davos Thursday evening. He is aware that the decision to change such expenditure will be politically difficult, but believes priorities will have to be diverted.