EU Pays France €160m to Destroy Surplus Wine as Prices ‘Collapse’
Summary: France receives €160 million from the EU due to plummeting wine prices and reduced consumption. Wine consumption drops by 7% in Italy, 10% in Spain, 15% in France , and a significant 34% in Portugal. Surplus wine is a result of increased production and decreased demand, prompting concerns about sustainability . Craft beer's popularity contributes to the challenges faced by the traditional wine market. Debate arises about potential solutions, such as distributing excess wine to those in need. ...