It's been a busy couple of weeks in Bordeaux and pretty much all the properties have now been released. Unfortunately (and as expected) most of the Bordeaux Chateau decided that it easier to borrow the money rather than to release the wines at the price that would be attractive to us. Essentially, they can borrow at (or close to) 0% and figured out, it would make more sense to keep the wine and finance production by borrowing from the banks. I suppose, now that Draghi has confirmed that the interest rates in Euro zone will stay at these levels …
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