Thursday, 21 February 2013

The euro recession hits the heart of France: A deep decline in champagne shipments

The euro recession is beginning to hit the heart of the French economy. Last year worldwide shipments of champagne fell by 14 million bottles. The European Union has seen the greatest drop, with a fall of 7,1%, from 82,3 million bottles in 2011 to 76,4 million in 2012. 

Domestic market France has also endured declines, with over 10m fewer bottles ordered by French retailers and restaurants in the last year, representing a 5.6% decrease to 171.4m bottles.

No wonder that many financial experts now beliece that France may be the next major EU crisis country.

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