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EU trade commissioner Maroš Šefčovič has proposed a €1bn 'safety net' on Thursday — but described the Mercosur pact as a 'win-win' (Photo: ec.europa.eu)

EU offers €1bn 'safety net' fund for farmers hit by Mercosur trade deal

The EU Commission has promised to set up a "safety net" fund worth at least €1bn to support European farmers if they take a financial hit from the proposed trade deal with the South American Mercosur bloc. 

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

EU trade commissioner Maroš Šefčovič has proposed a €1bn 'safety net' on Thursday — but described the Mercosur pact as a 'win-win' (Photo: ec.europa.eu)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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