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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (37035)	7/13/2008 7:30:49 PM
From: elmatador	Respond to of 218956

employ unused funds from the EU farm budget, includes paying fishermen to stop fishing for up to three months... They never mend their ways... EU executive offers cash, action deal for fishermen Tue Jul 8, 2008 9:39pm IST Email \| Print \| Share\| Single Page[-] Text [+] BRUSSELS, July 8 (Reuters) - The European Union offered on Tuesday to pump an extra 600 million euros into the fishing industry to ease the crisis caused by over-capacity and high fuel prices. The plan, which officials suggested might employ unsued funds from the EU farm budget, includes paying fishermen to stop fishing for up to three months, provided they use the time to restructure. If not they must pay back the money. "High fuel prices and chronic overcapacity mean that European fisheries are in a time of crisis," EU Fisheries Commissioner Joe Borg said in a statement. Borg said the EU executive proposed action action in three areas: cutting overcapacity, reducing fuel dependency and helping fishermen boost the sale value of their catch. For months, EU fishermen have been striking in protest against diesel prices, which have risen by 240 percent since 2002 and account for much of the costs for trawlers: in some cases, up to 60 percent. Low retail fish prices have not helped. EU ministers will discuss Borg's proposals next week. One of the main issues will be demands by countries such as Italy to allow fishermen to receive up to 100,000 euros in aid over three years -- three times the level now permitted. (Reporting by Jeremy Smith)