Parliament did agree that income from subsidies should not exceed 300, 000 euros for any individual farm.

BBC: Euro MPs reject radical CAP farm subsidy reforms

But his response, from raising the top income-tax rate to increasing college-tuition subsidies, was just a laundry list of small initiatives.

ECONOMIST: Policy prescriptions

But even there an array of reforms, from a stronger currency to an overhaul of subsidies, is needed to boost labour income and encourage consumption.

ECONOMIST: World economy

Proponents of the agreements say they're an effective way for local groups to extract concessions and assurances from developers typically, in the form of hiring quotas, charitable donations and low-income housing subsidies.

WSJ: Pact's Benefits in Limbo