Why greed is good in WTO

ONLY France and bad poker players in the US, Australia, Brazil, Canada and South Africa stand between Irish farmers and world prices.

The other side, led by the US, think they are calling the bluff of the EU once again.

But it isn’t a bluff; the EU’s offer to cut its highest farm tariffs by 60% and lower tariffs by 35 to 60%, almost halving the overall tariff rate from around 23% to 12%, is as far as Brussels will go.