Archive for February 2012

Snow in Santorini! Yes, SNOW IN SANTORINI!

February 29, 2012

Sent today from Boutari winery manager Petros Vamvakousis…

Santorini Pyrgos, 29/02/2012

It never snows in Santorini, but some times it really happens.

Dawning and the sunlight found the vineyard astonished in a white slipcover.

What an amazing contrast, white of the snow, grey-brown of the vine, black of the volcanic cinder.

It likes that someone leaves empty baskets inside snow, but really, are alive grapevines.

Give Greece a Chance (please retweet)

February 28, 2012

I have to be honest here: it’s been really tough to get excited and inspired to write about Greek wine with what’s happening “on the ground” in Greece these days (as they say at the UN).

Yesterday, I came across an initiative that I wanted to share here, Give Greece a Chance, a print media campaign spearheaded by Greek business in continental Europe asking the country’s northern counterparts to take a closer look at what’s happening in Greece.

Here’s some basic info gleaned from the group’s site:

Greece has come a very long way in less than two years and even recently committed to the toughest austerity program in modern history, while entering the fifth year of recession. Yet some are continuously setting their sights on the targets Greece has missed, while ignoring the many that have been met.

Achievements

  • Greece implemented a fiscal consolidation of about 6.5 percentage points of GDP since beginning of the Program (2009-2011).
  • Primary deficit reduced from €24.7 billion in 2009 to €11.3 billion in 2010 and shrunk further in 2011 to €5.2 billion.
  • Greece achieved an annual rate of fiscal consolidation of 4.2% GDP on average, the highest in the developed world over the last few decades.
  • Greece ranks number two in terms of the degree of adjustment happening in its economy during 2009-2011, according to the Euro Plus Monitor.
  • Positive trade balance of goods and services (excluding oil and ships) for the first time since Greece’s Eurozone entry.

Impact on Greece

  • Greece is going now through the fifth year of recession
  • Since 2008 the Greek economy has lost around 13% of GDP
  • The primary deficit from 2009 to 2011 has fallen by 8.2% of GDP, with almost two thirds of the adjustment coming from cuts in primary expenditure (5.3% of GDP)
  • Primary expenditure has fallen by 16.4% since 2009
  • Unemployment now exceeds 20%

Supporting Facts

  • Cumulative Cuts in Nominal Public Sector wages over 30% in 2009-11.
  • Cut in salaries of State-owned Enterprise (SoE) employees by 30% in 2010, with an additional average cut of 20% and ceiling on average monthly salaries of €1,900 imposed in 2011-12. As of November 2011, there has also been an 18% year-on-year reduction in SoE employees and 29% decrease in total SoE personnel expenditures.
  • Cuts in nominal pensions in the public and the private sector by 10% in 2010, with further 4% average cut introduced in 2011-12.
  • Employees in the public sector reduced by 10% = 85,000 employees since 2009
  • Unemployment has already risen from 8% in 2010 to more than 21% in the first few months of 2012.
  • VAT rates increased from 19% rate to 23%, from 11% rate to 13% and from the 5.5% rate raised to 6.5%. A number of goods and services were also transferred from the 13% rate to the 23% rate.
  • Excise taxes raised by 33% on fuel, cigarettes and alcohol.
  • Special levies on profitable firms, high income individuals, high-value real estate.
  • Solidarity tax on total declared incomes higher than €12,000 Tax rate from 1% to 5%.
  • Additional property tax to be collected via electricity bills from 2011 with expected revenues close to 1% GDP.
  • Effective retirement age set to 65 years, increasing in line with life expectancy. Minimum contributory period for retirement on a full benefit gradually rose to 40 years.
  • 22% reduction in the minimum wage and 32% reduction in the minimum wage for employees under the age of 25

Greece is determined and committed to reform, recovery and future growth, despite the high price the country is asked to pay.

CLICK HERE TO READ MORE AND FIND OUT HOW YOU CAN CONTRIBUTE TO RAISING AWARENESS OF WHAT’S HAPPENING “ON THE GROUND” IN GREECE TODAY.

Subsoils of Santorini @SantoriniWines

February 22, 2012

We snapped this photo of the subsoils of Santorini at the Boutari tasting room on the island.

The ancient volcanic subsoils — poor in nutrients and rich in minerality — are what gives the vines of Santorini their vigor and their rich mineral flavors.

The grains of volcanic “sand” are so tiny that phylloxera cannot exist there. All of the vines grown on Santorini are grown on pre-phylloxera rootstock.

Notes from Santorini

February 16, 2012

Location: Santorini Megalochori
Date: 2/16/2012, early morning

The sun is rising, the sky is taking a marine blue color and the vine is still sleeping.

The vine grower has already removed the unavailing branches. Now remains the time that vine grower will come and weave the young branches into a shape of basket.

Petros Vamvakousis
Winery Manager

Thoughts and prayers for our friends in Athens…

February 13, 2012

Click here to read the New York Times account of riots in the wake of new austerity legislation in Athens.

Our thoughts and prayers go out to our friends in Athens and throughout Greece…

Mark Squires on Boutari Naoussa: “one of the nicest deals…”

February 9, 2012

Mantinia: Greek Grape Name and Appellation Pronunciation Project

February 7, 2012

In the video below, Yannis is sitting with Moschofilero vineyards behind him in Mantinia.


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