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A 4.5bln fisheries bailout fund - Derek Clark
Date 13/03/2012 22:18  Author webmaster  Hits 2247  Language Global

• European Parliament, Strasbourg, 13 March 2012

• Speaker: Derek Clark MEP, UKIP (East Midlands), Europe of Freedom and Democracy (EFD) group.

• European Fisheries Fund

Report on the proposal for a regulation of the European Parliament and of the Council amending Council Regulation (EC) No 1198/2006 on the European Fisheries Fund, as regards certain provisions relating to financial management for certain Member States experiencing or threatened with serious difficulties with respect to their financial stability

Report:  João Ferreira (A7-0447/2011) - Committee on Fisheries

[COM(2011)0484 - C7-0219/2011 - 2011/0212(COD)]

In the Commission's own words (from Summary): "IMPACT ASSESSMENT: the proposal would allow the Commission to increase payments to the countries concerned, for the period they are under the support mechanisms."


"The EFF has 4.3 billion Euros to spend on fishing over the period 2007 - 2013, covering scrapping of fishing vessels, aquaculture and inland fishing, sustainability and administration of the fund.

But fishing managed very well before the CFP was introduced; livings were made and fish was plentiful.

Since its inception in 1973,  the CFP has introduced rules and regs to control fishing, now the EFF. Why, after all fishermen have been plying their trade for centuries without all this, and a viable industry has been passed down the generations. Fishermen are not stupid, they have looked after their stocks, just as a farmer looks after his livestock and land.

This proposal, of course, is a backdoor way of giving extra financial support to countries which have been bailed out. Bail out funds under EFSM will trigger this extra support from the EFF,- and yet more taxpayers money goes down the drain.

So this whole scheme, purporting to help fishing with more funds, is really an addition to bailouts, which are supposed to be loans by way of bond issues with time limits for repayment. Does that mean that the extra EFF money will not be included in Bail out repayments? Does it mean that cash will be available without issuing bonds?

If so, EFF funding will be a gift to offset a debt. What kind of finance is that?"