THE EU GETS UP TO SPEED WITH THE NEW WORLD

The European Commission in Brussels is expected to unveil major changes today designed to cutback on the overwhelming surplus in Europe. In order to reduce production of low-quality wines, the Commission plans to pay winemakers $3 billion during the next six years to cut out 400,000 hectares of vineyards, according to the draft of planned changes. Cultivators that agree to the deal will get close to €180,000 in compensation for up to 15 years. The proposal will also cutback on