French government to spend $216 million to destroy excess wine as younger consumers drink less alcohol

• The French government hopes to shore up the country's wine industry by purchasing excess wine.
• The excess wine will be turned into industrial alcohol used in hand sanitizer or cleaning products.
• France's wine industry has seen a change in consumption habits, with less people drinking red wine. 

The French government plans to spend €200 million (or about $216 million) to destroy excess wine in hopes of shoring up a struggling wine industry that is seeing changing consumption habits among younger drinkers.