Interesting response to the a Parliamentary Question on whether European Taxpayers lost any money when Pescanova collapsed.
It seems they have no idea.
See the question and response.
http://bit.ly/1im9pdn
| Parliamentary questions |
| 15 November 2013 |
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Question for written answer
to the Commission
Rule 117
Chris Davies (ALDE) |
 Subject: EU subsidies to Pescanova |
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| The Spanish company Pescanova is based in Vigo and is said to own some 120 fishing vessels.
A report by KPMG has alleged that the company has a negative net worth of EUR 927 million and has, over the years, used various methods to conceal the extent of its debts, said to amount to EUR 3.28 billion. Bankruptcy proceedings have now commenced.
Will the Commission provide details on the subsidies paid from the EU budget to Pescanova or its subsidiaries over the past 20 years?
| entary questions |
| 8 January 2014 |
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| Answer given by Ms Damanaki on behalf of the Commission |
| The European Fisheries Fund is implemented in the frame of shared management, meaning that national and regional authorities are primarily responsible for the selection of operations and for the implementation of the European Fisheries Fund (EFF). For this reason the Commission does not have a list of beneficiaries. However, Member States are under the obligation to publish the list of legal entities benefiting from EFF support.
The Commission would therefore refer the Honourable Member to the list of beneficiaries of the European Fisheries Fund and of the Financial Instrument for Fisheries Guidance (FIFG) drawn up by the Spanish authorities(1).
| (1) |
http://www.magrama.gob.es/es/pesca/temas/fondo-europeo-de-la-pesca/iniciativa-comunitaria-de-transparencia/ |
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