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EU offers farmers 210 mil. euros over food scare($300 mil.)
NHK ^ | 06/09/11

Posted on 06/09/2011 8:38:01 AM PDT by TigerLikesRooster

EU offers farmers 210 mil. euros over food scare

The European Union has offered to pay 210 million euros or about 300 million dollars in financial aid to farmers affected by the E. coli outbreak in Europe.

EU farm commissioner Dacian Ciolos said in Brussels on Wednesday that the EU's compensation scheme will cover cucumbers, tomatoes and 3 other vegetables. He added that the proposed amount is equal to half the value of losses incurred by the farmers.

The E. coli outbreak has claimed the lives of more than 20 people, mostly in Germany, leading to a sharp drop in vegetable consumption across Europe.

But authorities have yet to pinpoint the source of the infection.

An estimate put the loss suffered by European farmers at more than 570 million dollars.

Ciolos said the EU is ready to pay additional financial aid if it is deemed necessary.

Thursday, June 09, 2011 10:54 +0900 (JST)

(Excerpt) Read more at 3.nhk.or.jp ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: compensation; ecoli; eu; vegetable
I wonder how they pay for it other than printing money. Besides, how would they come up with such an estimate? It sounds too steep.
1 posted on 06/09/2011 8:38:03 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 06/09/2011 8:39:10 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster
All you sheeple, repeat after me:

"Organically grown food (even with e coli spreading fertilizers) good.

Genetically modified grown food bad."

3 posted on 06/09/2011 8:48:32 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: TigerLikesRooster

I don’t believe in E coli danger. I really think there’s got to be something wrong with you before hand or you won’t be harmed(more than a day or 3 of diarrhea ) by E coli.


4 posted on 06/09/2011 8:58:21 AM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: mamelukesabre

Don’t people wash their vegetables anymore? Adding hydrogen peroxide in the water helps too but I suppose the EU farm commissioner doesn’t know those tricks.


5 posted on 06/09/2011 9:25:22 AM PDT by B4Ranch (Allowing Islam into America is akin to injecting yourself with AIDS to prove how tolerant you are...)
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To: TigerLikesRooster

Thanks for the ping.


6 posted on 06/09/2011 12:19:33 PM PDT by GOPJ (In times of universal deceit, telling the truth will be a revolutionary act. - - Orwell)
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To: GOPJ; TigerLikesRooster

Moral Hazard no longer exists in our modern world.

Does ANYBODY face “privatized losses”? Other than the taxpayers?

Why aren’t these farmers getting vigorously sued — instead of freaking BAILED OUT?


7 posted on 06/09/2011 4:56:30 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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To: 4Liberty
-- Why aren't these farmers getting vigorously sued -- instead of freaking BAILED OUT? --

The government ordered them to destroy crops, that were NOT tainted.

8 posted on 06/09/2011 5:06:21 PM PDT by Cboldt
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