EU: Commission to break budget on wine subsidies
The European Commission is predicting that it will spend almost EUR87m (US$112m) more than the EUR1.5bn 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 2006.
Long-awaited draft proposals for EU wine reform get tough on sub-standard growers while freeing market-aware producers from regulatory fetters that have stifled innovation for too long. Chris Losh hop...
The announcement yesterday (22 June) that the European Commission is opening dialogue on reforming the continent’s wine sector may be a desperate measure for desperate times, but it’s clear to all tha...
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