EU countries approve deal to overhaul farming subsidies
BRUSSELS, June 28 (Reuters) - European Union countries on Monday gave the green light to reforms of the bloc's huge farming subsidy programme, after a three-year battle over rules to make it greener and support smaller farms.
Negotiators representing the EU's 27 countries and European Parliament struck the deal on Friday to reform the Common Agricultural Policy (CAP), which will spend 387 billion euros ($462 billion) on payments to farmers and rural development, roughly a third of the EU's 2021-2027 budget.