INTERNATIONAL ORGANISATION ROUND-UP: RESCUE PACKAGE FOR EU FISHERMEN DEBATED IN BRUSSELS
June 1st, 2008
BY KEITH NUTHALL
EUROPEAN Union (EU) ministers are debating an urgent rescue package for a European fishing sector that is being buffeted by high fuel prices. European Commission officials are drafting formal proposals, which would suspend certain European Fisheries Fund subsidy controls for two years. The package, the Commission has indicated, would include subsidies allowing vessels to cease fishing for the first three months of next year, while member states restructure their fleets. It would also allow a lower rate of mandatory private financial ...
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