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Swedish Criticism of EU Fund

Published fredag 28 oktober 2005 kl 12.08

Sweden is critical of the plan proposed at the European Union’s summit Thursday for a Globalisation Adjustment Fund.

The one day conference at Hampton Court Palace, outside London, seems to have mended fences after budget talks fell part in June.

But Swedish Prime Minister Göran Persson says the proposed fund, intended to compensate for the effects of globalisation, could make it “expensive for Sweden to take responsibility for other countries which haven’t done their homework”.

One of the problems facing the EU is France’s refusal to accept changes in the union’s expensive farm subsidy system, despite demands for concessions from the World Trade Organization.

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