2019-08-03_The_Economist

(C. Jardin) #1

44 Europe The EconomistAugust 3rd 2019


2 Syriza’s rigour, but growth was subdued.
This year’s forecast is around 2%, well be-
low the 3.5-4% needed to make up for the
recession quickly. Greek gdpis still about
25% below its pre-crisis peak.
The new government hopes that politi-
cal stability (thanks to its majority in par-
liament) and business-friendly reforms
(cutting red tape as well as taxes) will at-
tract foreign investment. “Greece will be a
totally new country for business,” prom-
ises Adonis Georgiadis, the minister for de-
velopment and investment. As a sign of
seriousness, he is leading a push to make
sure the long-stalled privatisation of Helli-
nikon, a prime site that used to be Athens’s
airport, gets under way this year.
The government will present a draft
budget in September. Although Greece is
no longer in an official rescue programme,
the budget must be approved by the credi-
tors under the terms of a post-bail-out
“surveillance” agreement. He is betting on
drastic cost-cutting at government minis-
tries to offset immediate revenue reduc-
tions from tax cuts. Good luck with that. 7

P


rincegeorgfriedrichofPrussiais
getting a lesson on how not to get the
public on his side. The great-great-grand-
son of the last Kaiser has been in talks for
years with the federal government, as
well as the state governments of Berlin
and Brandenburg, about the return of
possessions expropriated by the Rus-
sians at the end of the second world war.
A letter from his lawyer to the authorities
has now been leaked to the press, pro-
voking a vehement backlash against
Wilhelm II’s Hohenzollern dynasty and
its alleged support for the Nazis.
The document reveals that the prince
wants compensation of at least €1.2m
($1.3m), the right to live rent-free at
Cecilienhof (the palace where American,
British and Russian leaders held the 1945
Potsdamconferencethatsettledthe
post-warorder),aswellaspaintings,
sculptures,books,letters,photographs
andmedalsfromvariousHohenzollern
houses.Therequestedinventoryin-
cludesCranachpaintingsandthearm-
chairinwhichFredericktheGreatdied.
Theprincewasperhapsnaivein
thinkingtheletterwouldremainconfi-
dentialinBrandenburg,a stateruledbya
coalitionofSocialDemocratsandDie
Linke,anex-communistparty,whichis
preparingforhotlycontestedstateelec-
tions.ThepublicreactedwithJacobin
fury.“Thearistocracyisnotnoble,but
evil,”fumedTomasFitzelofRundfunk
Berlin-Brandenburg,a localradiosta-
tion.Thearistocracyrobbedandextorted
forcenturies,tweetedKathrinVogler,an
mpforDieLinke,addingthataristocrats

areluckyGermanyisnotFrance.
Like all families whose property was
confiscated by the Russians and eastern
Germany’s communist regime, the Ho-
henzollerns cannot claim their houses
back. Yet according to legislation passed
in 1994, they are entitled to restitution of
mobile property, as well as the payment
of compensation. The only exceptions
are families that actively supported the
Nazi regime. This is the sticking-point.
If the case goes to the courts it will not
be pretty. Prince Wilhelm, the son of the
last Kaiser, has been called a mouthpiece
for Nazi propaganda. His brother August
Wilhelm was a fervent Nazi. All parties
are still hoping for a settlement out of
court. It is very much in the prince’s
interest to make it happen.

Jacobinfury


Hohenzollerns in hot water

BERLIN
The backlash against the Kaiser’s family’s claims for property restitution

Theytookitallaway

“T


here is morephilosophy in a bottle
of wine than in all the books in the
world,” said Louis Pasteur, a 19th-century
French chemist. For the French, wine is not
just a drink or source of alcohol: it is a mark
of civilisation, a subject of scholarship, a
way of life. So why in the land of fine wines
is rosé, the industry’s poor cousin, enjoy-
ing such a boom?
On the slopes of a forested hillside close
to Mont Ventoux, the Domaine de la Ver-
rière is one of the highest vineyards in Pro-
vence. Among the Chêne Bleu wines it pro-
duces, predominantly from hand-picked
grenache and syrah, is a premium organic
rosé. By July this year, for the first time, the
estate had sold out of last year’s vintage.
“Our rosé sales are now constrained by sup-
ply,” says Danielle Rolet, whose family
owns the vineyard.
France is both the world’s biggest pro-
ducer and consumer of rosé wine, a pale
pink blend that snobs have traditionally
scorned. In the second half of 2018 super-
market sales of red in France fell by 5% on
the same period the previous year, and
white was flat. Yet rosé sales were up by 6%.
Why the French craze for rosé? One an-
swer is the change in diets. In recent years
even the French have begun to eat less

steak and other red meat, which they tradi-
tionally accompany with red. As a sim-
pler—and, the purists would say, blander—
wine, rosé is seen as a lighter drink, partic-
ularly when chilled in summer. It is
especially popular among the under-25s,
the age group most likely to be vegetarian,
according to the Organisation Internation-
ale de la Vigne et du Vin.
A second, and perhaps more surprising,
reason is the emergence of winemakers
seeking to take rosé upmarket. A bottle of
top-end Garrus rosé from the Château d’Es-
clans, a Provençal wine estate, for instance,
sells at an improbable €100 ($110). Such
wines, or so their producers hope, are help-
ing to lend rosé the cachet it has lacked un-
til now. “From the start, we wanted to make
a more complex, structured, serious rosé,”
says Ms Rolet; “Now, almost unexpectedly,

we find that it’s through our rosé that peo-
ple find us.”
And then there is the celebrity image.
Almost all the Côtes de Provence wines,
made along France’s Mediterranean fringe,
are rosés. For millennials, the pale pink
hue, backlit by sun, is considered highly
“Instagrammable”. “It’s a fashion that has
come up from Saint-Tropez,” says a wine-
maker farther inland, dismissively. Brad
Pitt and Angelina Jolie own the Château de
Miraval in Provence, which produces a pre-
mium rosé. Other aspirational brands,
such as Minuty, are popular—often by the
magnum—on the yachts and in the beach
clubs of the Riviera. Such bottles sell not so
much a pale pink liquor as a glamorous
lifestyle fantasy. The promise, as it were, of
la vie en rosé—to which even the French, it
seems, are not immune. 7

CRESTET
Even France is learning to drink pink

Wine in France

The rise of rosé

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