EU WINE SUBSIDY SPENDING OVERRUN PREDICTION
May 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Commission is predicting that it will spend Euro 86.9 million more than the Euro 1.49 billion budgeted for 2006 wine production subsidies. In a report to MEPs and ministers, the Commission claimed that this "over-implementation is temporary" and that "it is mainly due to the payments arising from the crisis distillations...earlier in the budget year." France, Italy, Spain and other wine producing companies received millions of Euros last year for compulsory distillation, subsidies that have run on into ...
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