EU sugar prices will fall by 36 percent over the next four years, not 39 percent as previously proposed, under a deal reached by European agriculture ministers on Thursday (24 November).
The breakthrough agreement came as a surprise, with 11 member states going into the talks on Tuesday feeling hostile toward the UK presidency's compromise proposals.
Under the deal, EU farmers will be compensated for 64.2 percent of their losses and have direct access to a €7.5 billion restructur...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.