“France is going to do what?!” I know I have mentioned before in the Snapshot as one of the things least exposed to inflation but news over the weekend that France is preparing to spend €200mn destroying a glut of wine that has built up as appetite for French wine fades did shock me. Falling demand among French drinkers, competition on the export market and weaker sales in China are being blamed but surely there has to be a better way of getting rid of French wine than destroying it!? I can thi…
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