The new emergency intervention system, where the European Commission will buy unsold beef carcasses at 70% of their value, for storage or rendering, has been approved. Brussels has set minimum prices for each EU Member State; when prices fall below them, funds will be released, covering an unlimited amount of meat until December. As it stands, beef producers in Belgium, Denmark, Germany, Spain, France, Ireland, the Netherlands, Portugal and Austria, will be able to apply for funds.