The EU condemns Faroe Islands and Iceland to poverty

Visit of Sigmundur Davíð Gunnlaugsson, Icelandic Prime Minister, to the EC. (EC Audiovisual Services, 16/07/2013).

Visit of Sigmundur Davíð Gunnlaugsson, Icelandic Prime Minister, to the EC. (EC Audiovisual Services, 16/07/2013).

When Sigmundur Davíð Gunnlaugsson, Prime Minister of Iceland, visited Brussels last month, he tried to teach the European Union a lesson about the scientific analysis on fishing stocks of North Atlantic. Seemingly, European Commissioner Maria Damanaki responsible for Maritime and Fisheries Affairs didn’t learn anything. Yesterday, she decided to adopt trade measures against Faroe Islands and Iceland to allegedly protect the Atlanto-Scandian herring and mackerel fish stocks. The sanctions include a ban on Faroe Islands and Iceland fishing vessels to call on European Union ports or sell herring and mackerel catches and products to EU.

Given that herring and mackerel fishing constitute the main source of income for Iceland and the Faroe Islands the EU is practically condemning the island nations to starvation. As far as Iceland is concerned, the measures adopted by Damanaki may have a revengeful character, because tiny Iceland didn’t follow the ‘orders’ of the European Central Bank back in 2008 and let its banks go bankrupt, without the tiny state undertaking to repay foreign depositors. In short, Iceland refused to nationalise the debts of its bankrupt banks (Kaupthing, Landsbanki and Glitnir). British and Dutch depositors to those Icelandic lenders were then repaid by the British and Dutch governments never forgiving Reykjavík for that. Later on, Iceland was vindicated for that by the Commercial Court of Paris.

Old differences

At the time, this decision was considered as a clear alternative to the path followed by Ireland. To be reminded that the Republic of Ireland undertook to repay in full the huge obligations of its bankrupt banks, sending the country to its worst crisis and placing its economy under the directions of the European Commission and the ECB. The result is that Ireland has still a long way to recover and the country’s taxpayers will be paying for the Irish banks’ exposure to toxic assets and placements. All that under the pressures of the EU Commission and the ECB.

Today, Iceland is totally free of any foreign obligation and is about to even withdraw its application for a full EU membership. The obvious reason is the sure prospect that once Iceland becomes a full member of the EU, the Union will place the Icelandic fishing grounds under its own jurisdiction, depriving the tiny state from its basic source of income. European Sting writer Dennis Kefalakos on 17 July stressed that “The European Union accuses Iceland of overfishing the mackerel stocks in the North East Atlantic. The island country almost laughs with this, actually challenging the EU’s scientific calibre and questioning its honesty. Not to forget that fishing is the lifeline of Iceland. On many occasions during the past decades, a number of European countries like Britain and Ireland have declared ‘troller wars’ against Iceland’s fishermen. In the 1970s and the 1980s, Iceland fought with Britain and the European Union the ‘cod war’ over the fishing rights of this delicious bite”.

In any case “The European Commission has adopted a package of measures to address the continued unsustainable fishing of herring by the Faroe Islands. The measures include the ban of imports of herring and mackerel from the Atlanto-Scandian stocks that has been caught under the control of the Faroe Islands as well as fishery products containing or made of such fish”. This decision doesn’t name Iceland but nobody else catches mackerel in the North Atlantic.
The EU decision states that the ban for the Faroe Islands and Icelandic fishing vessels refers only to boats implicated in the fishing of herring and mackerel. But who is to say which boat is and which is not. In reality, the ban includes all fishing vessels of the two tiny states. What is even more embarrassing, though, is the fact that the European Union forbids not only the sale of such catches to its markets but all Faroe Islands and Icelandic products containing even traces of such fish. Knowing how cunning the European Commission could be, it’s more than certain that all fish products from the two island states are from now on banned from the European Union. No need to mention that the EU is the main market for Faroe and Icelandic products.

Deplorable decision

It is deplorable that Commissioner Damanaki, a left-wing socialist politician, accepted to condemn two helpless tiny democracies from their basic source of income. Possibly, there is much truth in EU allegations for overfishing of herring and mackerel in the North Atlantic. But it’s not only Faroe and Iceland fishermen the only culpable parties. The huge EU fishing fleets are equally responsible for that. The EU could at least have included some compensation for Faroe and Iceland in the negotiations for the reduction of catches. Unfortunately there was not such a proposal.

 

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Trade protectionism and cartels threaten democracy

The financial war touches Frankfurt and Berlin

COP21 Breaking News_12 December: Another sleepless night for the negotiators before Indaba meeting

EU to relocate 40,000 migrants across the bloc: first step of a long due substantial reform?

My Mothers

ECB: Euro area should smooth out the consumption and income shocks of its members

EU Parliament: ECB accountable for not supporting real economy

Will ECB win against low inflation by not following Quantitave Easing?

My unlimited China

COP21 Breaking News_09 December: List of Recent Climate Funding Announcements

Brussels to tear down the trade wall with Mexico as opposed to Trump’s “walls”

The new European Union of banks is ready

EU migrant crisis: Germany, France and UK to show the way. Will the rest of the EU follow?

UN-based World Summit Award (WSA) presents its master list on digital innovation with impact on society from 24 countries

False promises to Small and Medium Enterprises

Half of Eurozone in deflation expecting salvation from monetary measures

The banks first to benefit from the new euro trillion ECB plans to print

Brexit talks started with a London handicap and Brussels’ sternness

EU cracks under the weight of its policy on the Ukraine-Russia nub

Consumers suffer three defeats

Eurozone: Sovereign debt decreases for the first time since 2007

Greferendum: the biggest political gaffe in western modern history to tear Europe apart? #Grexit #Graccident

IMF: European banks do not perform their duty to real economy

Only the Americans are unhappy with the ceasefire agreement in eastern Ukraine

CDNIFY @ TheNextWeb 2014

The EU Commission does nothing about the food retailing oligopoly

Lessons from the Global Entrepreneurship Index

Germany and France only care about keeping their borrowing cheap

WEF Davos 2016 LIVE: “No other problem has jeopardised the EU as much as the refugee question” Joachim Gauck, President of the Federal Republic of Germany, cries out from Davos

ECB’s unconventional monetary measures give first tangible results

Do the EU policies on agro-food smell?

European Youth Forum welcomes strong stance on human rights in State of the Union

Gender Equality and medicine in the 21st Century: we want the fair share

ECB asks for more subsidies to banks

A new Europe for people, planet and prosperity for all

Crimea, a wicked game of political chess and a ‘big’ coincidence

The G7 fails to agree on growth but protects the big banks

Eurozone examines the prospect of issuing debt paper jointly

Who will secure Lithuania?

The EU banking union needs a third pillar guaranteeing deposits

Switzerland to favour EU citizens in immigration quotas as the risk of a new referendum looms

Matthias in Canada

Journey of my life

EU: Huge surplus in the trade of services with the rest of the world

France pushes UK to stay and Germany to pay

The European Commission to stop Buffering

Changing the EU copyright law won’t bring us much closer to Digital Single Market

Draghi’s ‘quasi’ announcement of a new era of more and cheaper money

A ship with containers at the port of Rotterdam. (Copyright: European Union. Source: EC - Audiovisual Service. Photo: Robert Meerding)

US follows the EU in impeding China market economy status in WTO

Connectivity and collaboration in the ICT industry: the key to socio-economic development

The Ukrainian crisis to destabilize Europe and the world for a long time

Europe enters uncharted waters with Kiev-Moscow standoff

Pro-EU forces won a 70% triumph in the European elections

Japan to invest in euro values

Twenty days that may remold the future of Europe

Why and how Germany had it again its own way in Cyprus

Eurozone: GDP development heads to naught; the expensive euro serves only Germany

Does the EU want GMOs and meat with hormones from the US?

ECB: The bastion of effective and equitable Europeanism keeps up quantitative easing

Lithuania vs Parliament over 2014 EU budget

More Stings?

Comments

  1. As usual the EU Commission is doing everything badly , and are totally unaccountable to EU citizens, this has to change , or there will be unrest in Europe

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s