Wed, 11/24/2021 - 12:18
The EU Parliament has given the green light for the reform of the Common Agricultural Policy (CAP). After years of dispute, a large majority voted in favour of a compromise between the 27 member states and the Commission. Among other things, the reform stipulates that in the case of direct subsidies a quarter of the funding will be tied to sustainability criteria. For some the reform doesn't go far enough, while others find it unfair.
Wed, 11/24/2021 - 12:18
The Turkish lira plunged to its lowest level ever on Tuesday. The currency has lost 40 percent of its value in 2021, and as much as three-quarters within five years. President Erdoğan is nonetheless sticking to his policy of lowering the key interest rate, citing the fact that the Koran forbids the charging of interest. He has described the crisis as part of a "war of economic independence".