GREEK DISTILLATION
July 1st, 2005
BY ALAN OSBORNTHE EUROPEAN Commission has approved a plan by Greece to put 340,000 hectolitres of table wine and 40,000 hectolitres of quality wine into crisis distillation following a collapse in prices. Brussels said there had been a "worrying rise in stocks" and in order to remedy the difficult market situation, "stocks of Greek wine should be reduced to a level that can be regarded as normal in terms of covering market requirements." It said distillers should pay prices that allowed producers to have some advantage, adding that the wine may no longer be sold ...
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