There is a proposal of help, two-year emergency fund, of up to $1.6 billion by the European Union to poor countries to cope up with food crisis. According to the European Commission President Jose Manuel Barroso, the fund would be mainly aimed for the African nations. The money will come from the EU subsidies budget. He also said that if they did not step in and help, UN goals to halve world poverty be put at risk and it would “exacerbate tensions” between countries in Africa over resources.
Johannes Laitenberger, EU spokesman, said that if the fund is approved by the EU governments and the European Parliament then it would provide urgent funding to UN aid agencies such as World Food Program and to the international Red Cross.
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