Tuesday, May 16, 2006

EU STRIVES TO SLOW GRAPE PRODUCTION

EU officials are proposing measures to help offset the damaging wine surplus in Europe by cutting down a chunk of EU vineyards, 400,000 hectares altogether. The reforms to help Europe’s wine industry are expected to be passed at a June 21 meeting of EU commissioners. The officials hope that by cutting out winery land, they can save the millions of dollars currently spent getting rid of unsold wine.

Furthermore, European countries that produce more wine, such as Italy and France, will receive more money in the future while lesser known countries will receive less funding, if the proposal is passed.