Gulf Royal Family Banks Over €70 Million in EU Farming Funds
15 Articles
15 Articles
The ruling royal family of the United Arab Emirates has received more than 71 million euros of EU agricultural subsidies over six years, revealed in a joint survey the Guardian and the English-speaking investigative media DeSmog. Amounts coming from the CAP, the EU's Common Agricultural Policy, for European farmers to enable them to enjoy a fair standard of living.
While thousands of small European farmers fight for their survival, billions of euros flow from the European treasury to the world's richest families and autocratic regimes. Recent research shows that the royal family of the United Arab Emirates has received more than 71 million euros in EU agricultural subsidies, making them the biggest beneficiaries of the Common Agricultural Policy (CAP).
They are among the wealthiest people in the world – and they are said to have collected millions of EU subsidies. For fields in Romania, Italy and Spain.
More than 71 million euros for lands in Romania, Italy and Spain.
Middle Eastern oil tycoons are skimming off a visible portion of the European Union's agricultural subsidies. A joint investigative report by DeSmog, G4Media and El Diario has revealed that agricultural companies operating in EU countries with ties to the ruling family of the United Arab Emirates receive millions of euros every year through the land-based subsidies system.
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