The advent of quantitative easing by the ECB and the victory of Syriza in the Greek election has theatened the stability of the already fragile euro. In an article this week in the wine industry’s leading magazine, Peter Shakeshaft, founder of Vin-X, highlights the benefits of a weaker Euro in boosting the vinous investment market.
It may be an opportunity for negociants to realise cash and unwind their huge holdings so that non-euro markets should benefit. Imported wine will be more expensive comparatively thus making European investment grade wine more attractive. For greater detail click on article below.