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High oil and food prices infuriating farmers and consumers across Europe (Photo: Wikipedia)

EU divided over food and oil price hikes

EU finance chiefs were struggling to table measures against future food and oil price hikes, with a clash between countries favouring more market-oriented solutions and those calling for tax-related tools.

The issue of record high prices of basic foodstuffs and oil and an increasing pressure on the most affected industries dominated a meeting of finance ministers from the 27-member bloc on Tuesday (3 June) in Luxembourg.

In a letter to EU leaders who are to debate the impact of t...

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High oil and food prices infuriating farmers and consumers across Europe (Photo: Wikipedia)

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