EU Backs Plan to Destroy Vines, Reduce Wine Surplus (Update3)

EU Backs Plan to Destroy Vines, Reduce Wine Surplus (Update3) (Bloomberg.com)
July 4 (Bloomberg) — The European Union plans to rip out almost 6 percent of its vines in an attempt to reduce the wine surplus produced every year, overhauling a wasteful budget and an industry struggling to compete with the New World.