Fisheries

Hopefully, we are in to our last week on the reform of the rules that govern Europe’s fishing industry. Trawling for Soviet Era Subsidies Trundling behind them is the reform of how Europe gives subsidies to this industry. The amount of taxpayers money being given out to a very few boats is staggering. Conservative guestimates … Read 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

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

You know change is happening when Belgium backs reform. Lessons from the Economics Department of University of Pyongyang Belgium is not only the home of the EU. It is, as its residents know, one of the most heavily taxed countries in the world.  It has the hits its middle class harder and earlier than any country … Read more