Press Release: EUR 800 million in two years for the restructuring and conversion of vineyards

The European Commission has adopted two decisions on the restructuring and conversion of vineyards. Following notification by Member States on 30 June 2001 of the actual expenditure incurred during the current financial year (2000/2001), the first decision involves the re-allocation of the remaining balance (€115 million out of €380 million) for the 2000/2001 marketing year to those Member States that have requested additional funding. The second decision refers to the initial financial allocations of the €422 million for the restructuring and conversion of vineyards for the 2001/2002 marketing year.