The Common Fisheries Policy: A Sinking Ship

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By any reasonable measure the European Union’s Common Fisheries Policy, the sickly sibling of its ailing Common Agricultural Policy, has failed. Created in 1971 to increase productivity, promote technical progress, open up access for European fishermen to all Community fishing grounds and "promote a fair standard of living" for fisherman, the CFP has netted the opposite result: Too many fishermen chase too few fish, fishing villages are as poor as inner-city slums, and competition from overseas markets is increasing due to technological advances in fish storage and shipping.

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