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CAP: nothing but struggle lies ahead

CAP: nothing but struggle lies ahead

EP News, European Parliament (61): p. 3

The MEP (Social Democratic Party) for Essex North East, UK, assesses prospects for CAP over the next 20 years as being constrained by (1) a quasi-permanent budget crisis; (2) continuing surplus production; and (3) international competition. The crisis has been postponed by the high value of the US dollar which makes world commodity prices in European terms appear high. A fall in the dollar would produce an immediate crisis for CAP.

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