Europe’s fishing lunancy – When subsidies pay the wages and some more
The Economics of the Mad House I knew the value of the Europe’s fishing subsidies were high, and certainly high as compared to the €6.5 billion a year income the industry brings in. There are around 135,000 fishermen whose average income is €18,350. Of course, the wages vary dramatically between fisheries and countries. Now, the … Read more
Europe’s Distant Water Fleet – Who Wins
Numbers Don’t Lie Yesterday, a colleague crunched a big pile of numbers for me. The numbers were the subsidies that have been paid to Europe’s Distant Water Fishing Fleet under Fishing partnership Agreements. The EU has been spending a small fortune building and upgrading a fleet to go around the world and fish. And, to … Read more