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

The (temporary) return of Paul Walsh to the drinks debate

Paul Walsh just can't stay away from the drinks industry....

BLOG

Budweiser races to stock Mars bars

For those people looking to the Red Planet as shining utopia away from all things earth, look away now....

BLOG

When life gives you lemons, make soap

Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....

BLOG

Small measures required as Philadelphia soda tax adds up

Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....

just-drinks homepage



Forgot your password?