MEPs brand EU fisheries policy as ‘catastrophic’

MEPs have described a new report by European auditors on the EU's management of fish stocks as “damning.”??

Speaking on Thursday, they said the report is “further proof of the catastrophic failure” of the EU’s common fisheries policy (CFP).??

The report by the Court of Auditors, which was drafted late last year, is said to highlight a “string of failings” in the CFP policy and its implementation.??It says the policy has neither protected fish stocks nor exploited potential capacity for fishing fleets.??

It says the policy has neither protected fish stocks nor exploited potential capacity for fishing fleets.

The report, formally released to MEPs on Thursday, states that despite the huge amounts of taxpayers cash spent on the policy, EUR 1.7 billion has been wasted since 2002 on vessel decommissioning with “no tangible results.”

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