BERLIN (AP) — Leaders of Germany's governing coalition agreed Thursday to provide 1 billion euros ($1.1 billion) over four years to help farmers as they adapt to new environmental regulations.
The decision to provide the money for environmental programs and investment emerged from a late-night meeting of government and party leaders, news agency dpa reported. Chancellor Angela Merkel leads an alliance of her center-right Union bloc with the center-left Social Democrats.
Markus Soeder, the governor of Bavaria and the leader of the Christian Social Union party, the smallest in the government, described it as “a clear signal of appreciation and support in difficult times.”
The decision comes after a series of protests by farmers in Germany, as well as in other European countries. In November, about 10,000 farmers with 5,000 tractors snarled traffic in Berlin.
The farmers claim that planned new environmental limits are overly restrictive and that the government is making it impossible for domestic agriculture to compete against imports, among other things.
Before you consider RLI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RLI wasn't on the list.
While RLI currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
