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France agrees 140 million euro wine distillation support plan

France approved support for French winemakers on Monday to distil wine surplus into alcohol

12/05/2020

According to the whtc

France approved support for French winemakers on Monday to distil wine surplus into alcohol following a slump in demand because of restaurant and bar closures and lower exports due to extra U.S. tariffs, but the measures fell short of union requests.

The government cleared a 140 million euro ($151 million) crisis mechanism for distillation, Agriculture Minister Didier Guillaume and Economy Minister Bruno Le Maire said on Twitter without giving further detail.

They also cleared exemptions from social security contributions for small and medium companies, they said.

Read more at source: whtc

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