Paris gives 10 million euros to avoid the liquidation of wine cooperatives

On October 31, the results of the audit conducted over the past few months by France's General Council on Food, Agriculture, and Rural Areas (CGAAER) among representatives of wine cooperatives will be revealed. At the request of the Minister of Agriculture, Annick Geneve, it is expected that 10 million euros, allocated in the budget as aid for restructuring French wine cooperatives, will be released, reports ypaithos.gr. "We estimated the need for this aid at 25 million euros annually, but these 10 million euros will be a start that will help our organizations to restructure or merge," explains Fabien Castelbou, president of the Cooperative of Wine Producers of Occitanie (VCO). The funds are needed to carry out restructuring checks on participating wineries and then to finance everything related to the reorganization. Believing that some wineries will not be able to sustain themselves financially in the long term, Fabien Castelbou describes restructuring as "inevitable." "Mergers ...