Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-655-000"
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"en.20120313.26.2-655-000"2
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"Mr President, the EFF has EUR 4.5 billion to spend on fishing over the period 2007 to 2013 covering scrapping of fishing vessels, aquaculture, inland fishing, sustainability and administration of the fund. But fishing managed very well before the CFP was introduced, livings were made, fish was plentiful. Since its inception in 1973, the CFP has introduced rules and regulations to control fishing. Now the EFF – why? After all, fishermen have been plying their trade for centuries without all this, and a viable industry has been passed down the generations. Fishermen are not stupid. They have looked after their stocks, just as a farmer looks after his livestock and land.
This proposal, of course, is a backdoor way of giving extra financial support to countries which have been bailed out, bailout funds under the EFSM will trigger this extra support from the EFF, and yet more taxpayers’ money goes down the drain. So this whole scheme, purporting to help fishing with more funds, is really an addition to bailouts, which are supposed to be loans by way of bond issues with time limits for repayment. Does that mean that the extra EFF money will not be included in bailout repayments? Does it mean that cash will be available without issuing bonds? If so, EFF funding will be a gift to offset a debt. What kind of finance is that?"@en1
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