Commission says 5% cut to CAP allocation will be retained in 2014
The commission also proposes to incorporate the financial impact of the European Council conclusions of Feb 8, even though these are still subject to agreement of the European Parliament. This would also see “external convergence” introduced in 2014, earlier than expected.
As Ireland is mid-table in terms of the per capita size of its CAP envelope, it will be minimally affected by the introduction of convergence — ie the CAP funds of the EU’s top recipients in per capita terms will be reallocated to new entrant member states.
