EU WINE MARKET REFORM LATEST – EU WINE SUBSIDY SPENDING OVERRUN PREDICTION
May 1st, 2006
BY ALAN OSBORN and KEITH NUTHALL THE EUROPEAN Commission's oncoming wine common market reform would cut wine-growing areas in the European Union (EU) by 400,000 hectares from the present 3.4 million hectares by financing a 5-year grubbing up programme, a Commission official has confirmed. The official has also confirmed rumours that the long-awaited plan (probably available on June 21) for reforming the crisis-hit wine sector will end the compulsory distillation and other subsidised programmes of recent years and introduce "national envelopes" of money enabling ...
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