BBC News – India’s plan to become a leading olive oil producer

European flag outside the Commission

European flag outside the Commission (Photo credit: Wikipedia)

English: Olives in olive oil.

English: Olives in olive oil. (Photo credit: Wikipedia)

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This is an interesting story from the BBC which is RECOMMENDED READING, in my view. Check it out!

via BBC News – India’s plan to become a leading olive oil producer.

My mind drifted to Southern Europe, the traditional home of olive oil production. Sadly, because of distorted policies like the Common Agricultural Policy which favors France and excessive focus on austerity, Southern Europe’s traditional industries seem to be dying, strangled for cash for working capital and investment.

This article should be a wake-up call to the European Commission but I fear that the Mediterranean olive groves will wither first.

Any thoughts?

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Charlemagne: Milking the budget | The Economist

Percentage of EU farmland by country

Percentage of EU farmland by country (Photo credit: Wikipedia)

 

CAP 2004 beneficiaries

CAP 2004 beneficiaries (Photo credit: Wikipedia)

 

This is an excellent article from the Economist and well worth a read. Check it out!

 

via Charlemagne: Milking the budget | The Economist.

 

I endorse the Economist’s argument that radical reform to the Common Agricultural Policy (CAP) is way overdue, especially in times of austerity.

 

What do you think?

 

 

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