FRANCE: Wine industry gets more state cash
French Prime Minister Dominique de Villepin has announced an additional aid package totalling EUR90m (US$107.7m) for the country's wine growers.
De Villepin outlined the subsidies at the annual congress of France's leading farming federation, the FNSEA, being held in Metz. The wine sector has already benefited from emergency funding of around EUR70m.
Some EUR50m of the fresh funding will target economic and structural aid while the remaining EUR40m will go on consolidation loans to growers struggling with debt repayments.
De Villepin said the measures, coupled with a request to the European Commission for additional crisis distillation, would enable the sector to return to a firmer footing and allow France to regain its market position on the export front.
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