04/01/2010 - EU subsidies to fishermen were supposed to help tackle overcapacity in the sector. But one third of the money nevertheless contributed to increasing the pressure on EU stocks that are already declining, according to the Pew Environment Group, an NGO.
The funding, distributed between 2000 and 2006, "was intended to progress fleet capacity reduction" and help the sector cope with related restructuring, argues a report by the Pew Environment Group.
But only 17% of the funds were used to scrap vessels to reduce fishing capacity or to protect marine resources, alleges the report, published on 30 March.
Read the full article Report Sheds Light on EU Support for Overfishing on EurActiv's Web site.