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EU adopts emergency aid package for fishing sector

EU fisheries ministers adopted late on Tuesday an emergency aid package worth up to two billion euros to help fishermen cope with soaring fuel prices. -AFP

Wed, Jul 16, 2008
AFP

BRUSSELS - EU fisheries ministers adopted late on Tuesday an emergency aid package worth up to two billion euros to help fishermen cope with soaring fuel prices, the EU's French presidency said.

'Political agreement was reached by a qualified majority on urgent measures for the fishing sector,' the presidency said, as the ministers met into the evening in Brussels.

The European Commission says that fuel prices for fishing boats soared 240 per cent since 2002 putting severe pressure on a sector already struggling to cope with overcapacity and dwindling fish stocks.

Fishermen have led waves of often militant protests mainly across southern Europe in recent months against the cost of fuel, including in Brussels where one incident caused minor damage to an EU building. -- AFP

 
 
 
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