Wine producers, agricultural organisations and agricultural cooperatives have come up with a solution for Spain's wine crisis, according to press reports. In yesterday's El Pais, it said that an agreement has been finalised to deal with the low prices and poor sales for the country's wine.

Measures proposed in the agreement, the newspaper said, include the creation of a commission to oversee the sector, as well as moves to reduce the increasing oversupply of wine.

The agreement also contains measures to ensure a clearer definition of markets, but stops short of price agreements. This would contravene European Union competition rules, the newspaper noted.