Submission statement: in a glorious market intervention (relevant), the EU has decided to protect consumers from low prices by paying wine producers to convert excess supply into industrial-use ethanol. This follows a French subsidy to vineyards to produce less as domestic and export demand falls.
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Submission statement: in a glorious market intervention (relevant), the EU has decided to protect consumers from low prices by paying wine producers to convert excess supply into industrial-use ethanol. This follows a French subsidy to vineyards to produce less as domestic and export demand falls.