Portugal is a small country, but it is the 10th largest wine producer in the world. There are 14 wine regions and 30 or so indigenous grape varietals that are used to make table wines. In spite of its diversity, the one region that has consistently made high-quality wines — at least since I’ve been in the biz — is Dão.
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If there is a time of year to drink port, it is right now.
Made in the Douro region of Portugal, port wine has been a hot commodity for centuries. The British have played a major role in its production and evolution, as indicated by brand names such as Graham’s, Churchill’s and Taylor.
Native producers have been equally important, as have other foreigners such as Dutchman Dirk Niepoort.
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With the holidays over and big credit card bills about to arrive, let’s talk about how to get you through the throes of January — including a sneak peek into topics I expect to cover in the next few months.
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When asked to write a column on the 2011 wine forecast, I looked into a wine glass hoping Dionysus would send me a signal or two — but alas, he has already left for the holidays and all I got was an automatic response that he will not be back on the job until Jan. 3.
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A euro stabilization package of nearly $1 trillion may be enough to protect Greece, Portugal and Spain from volatile credit markets, said Federal Reserve chairman Ben Bernanke to the Woodrow Wilson Center, but investors were not yet convinced Europe’s debt problems would be resolved, and even more money may be needed.
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You had to see this one coming:
S.&P. downgraded Greek government debt to junk status, saying in a statement, “Greece’s economic and fiscal prospects lead us to conclude that the sovereign’s creditworthiness is no longer compatible with an investment-grade rating.”
The ratings agency also downgraded Portuguese government bonds, but they remain well above junk status.
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