‘Phantom fears’ on GM hit Europe

UNILEVER boss Niall FitzGerald said Europe had given into “phantom fears” about genetically modified (GM) food and bought into the Frankenstein food scare tactics of its opponents.

He told the IBEC conference on EU/US regulation, the end result was a brain drain from Europe by disillusioned scientists.

In his address, the Unilever chairman and chief executive, said from a multinational perspective, effective regulation meant finding a balance between the cost and the benefit to society.