€4.4bn EU Subsidies Have Boosted Overfishing, Figures Show

Publication: The Guardian

Author: Ian Traynor


06/25/2009 - Spain has raked in more than €2.7bn (£2.29bn) in EU subsidies for its fishing industry over 12 years as part of a spending policy that Brussels admits has been a failure, according to data revealed today.

The figures suggest tens of millions have been spent subsidising vessels and practices exacerbating illegal fishing, increasing EU fleet over-capacity, and compounding overfishing in European waters.

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Two NGOs, the Pew Environment Group and EU Transparency, spent almost two years trying to obtain figures for the EU's Common Fisheries Policy (CFP) subsidies. A website – fishsubsidy.org – launched by them today analyses data obtained from the European Commission and member governments. Of €4.4bn in EU handouts to the fishing industry in 1994-2006, Spain got more than €2.7bn and Britain, where the Scottish fleets make up around 70% of the industry, was given €225m – a 12th of the Spanish total.

Read the full article €4.4bn EU Subsidies Have Boosted Overfishing, Figures Show on The Guardian's Web site.

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