Blog: Chris Brook-CarterEurosceptic?

Chris Brook-Carter | 22 October 2003

It was interesting to read comments by Allied Domecq CEO Philip Bowman, following the company's annual results yesterday, concerning the euro. The debate over the euro and its effects on the drinks industry are a contentious issue. And, certainly Bowman's comments offer the perfect spark for debate, after he launched an attack on the currency as Allied struggled in the eurozone.
"I'm very bearish on Europe. I have always had a concern that if you introduced a single currency and removed two of the three economic levers - interest rates and exchange rates - leaving only fiscal rates to manage [individual countries'] economies there would be a considerable amount of pain," Bowman said.
It may make an interesting exercise to conduct something of an old-fashioned "vox pop" on the back of this statement, so we can get some idea of the trade's general perception of the euro. If the responses are interesting enough, we'll publish them as a feature next week. So send your thoughts to chris@just-drinks.com.

BLOG

Measuring up fake wine

Collecting wine is big business – and so is faking it. So, how do you tell your Chateau Lafite from your Chateau La Counterfeit?...

BLOG

Are you going to London Wine Week?

Here in London, the second Wine Week has kicked off to coincide with UK wine trade event London Wine Fair. ...

BLOG

All aboard the Aperol bus

Commuting in London is a drag. It’s overcrowded, sweaty and rarely goes to plan. In fact, it’s enough to turn a person to drink....

BLOG

Diageo's echo quotes

When it comes to market speculation, a company holds the prerogative to comment or not. Most times it is the latter, but we journalists are always grateful for any quote that we can get....

just-drinks homepage



Forgot your password?