Economy Threatens CAP Reform Some in Europe say that the Common Agricultural Policy (CAP) Reform as presented by the Commission is now dead. The austerity that lies ahead inevitably will cause reductions in farm supports. The introduction of the eurobonds that are necessary to save the euro is being forced via inaction by the European Central Bank. German underwriting will require the approval of the Bundestag and the political cost will be quite high in Germany, which is why the Germans will extract a high price from other euro members, including taking a big chunk out of CAP spending. Some see an exchange of direct payments for crop insurance system, but the latter program will take a decade to build.Below are the results of WPI's onli...