EUROPE: EU wine allocations

By Alan Osborn | 22 August 2001

The European Commission today announced the allocation of 537m euros (US$459m) for the restructuring and conversion of vineyards in the eight wine-producing EU member countries. Some 115m euros of the total represents a re-allocation of cash not already spent in the current 2000-2001 marketing year, the remaining 422m euros relates to 2001-2002.

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The European Commission today announced the allocation of 537m euros (US$459m) for the restructuring and conversion of vineyards in the eight wine-producing EU member countries. Some 115m euros of the total represents a re-allocation of cash not already spent in the current 2000-2001 marketing year, the remaining 422m euros relates to 2001-2002.

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