The rich get charity
The week's news at a glance.
Paris
The biggest agricultural companies pocket most of the E.U.’s farm subsidies to France, Oxfam said this week. According to a new study by the international relief agency, France’s smallest farmers, who represent 70 percent of the country’s agriculture, get less than 20 percent of E.U. largess. The largest 15 percent of French farmers, by contrast, collect 60 percent of the E.U. payments. Prince Albert of Monaco, for instance, got a tidy $340,000 last year for his French farm. France is the biggest net receiver of E.U. agriculture funding and has fought efforts to reduce payments. “This gives the lie to the French argument that it uses E.U. subsidies to support its small farmers,” said Oxfam’s Celine Charveriat.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
'A good deal is one in which everyone walks away happy or everyone walks away mad'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
How will home insurance change after LA's fires?
Today's Big Question Climate disasters leave insurance industry in crisis
By Joel Mathis, The Week US Published
-
Blue Origin conducts 1st test flight of massive rocket
Speed Read The Jeff Bezos-founded space company conducted a mostly successful test flight of its 320-foot-tall New Glenn rocket
By Peter Weber, The Week US Published