Oxfam warns on Euro farming budget shake-up

The EU budget summit in Brussels is the last chance to shake up European farm spending for a decade, Oxfam warned.

On the eve of a crucial gathering of EU leaders to hammer out European spending for 2007 to 2013, the organisation backed British Prime Minister Tony Blair’s call for a swift review of a Common Agricultural Policy (CAP) that absorbs 42% of the entire annual budget of €103.3bn a year.