Monday, November 28, 2011

EU Wine Cartel is "Whining" About Competition

Decanter.com -- "European wine growing regions are battling European Commission plans to allow massive vineyard expansion. 

If the reform goes through, by 2019 there will be no restrictions to planting vines across the European Union, even in countries that today have no vineyards. Bordeaux vineyards could theoretically rise from 120,000 hectares (ha) to 220,000ha, and Burgundy from 28,000ha to 59,000ha."

According to an industry spokesman, "The effect of this could be catastrophic."

MP: "Catastrophic" for the wine producers maybe, because of the increased competition, but probably a great deal for consumers who will  most likely benefit from a greater selection, higher quality and lower prices. 

HT: Joe Lais

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