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French government to help troubled producers

The French government is on the verge of helping its wine industry survive the economic crisis.

Bordeaux growers called on visiting Prime Minister François Fillon to assist smaller producers who have been hit hardest by the downturn. They presented a seven-pronged plan to Fillon yesterday including a reduction in VAT on wine in restaurants.

While Fillon looks unlikely to respond to their specific requests, agriculture minister Bruno Le Maire told the Associated Press that the Prime Minister would be “putting export credit guarantees in place” to help producers but details will not be finalised until the end of September.

Written by decanter.com staff

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