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EU to Fishermen: No Subsidies for You

Vincent Margolle, a fisherman on the Boulogne sur Mer based trawler "Nicolas Jeremy", mends fishing nets off the coast of northern France.

EU to Fishermen: No Subsidies for You

Fishermen will not get European Union subsidies to build new vessels for the bloc's already swollen fleet, EU lawmakers agreed on Wednesday, in a vote that raised hopes for an end to decades of over-fishing in Europe.

Voting on how to allocate nearly 1 billion euros ($1.4 billion) in annual fisheries subsidies up to 2020, the European Parliament said more money should be spent on assessing the state of Europe's depleted stocks and measures to clamp down on illegal fishing.

Reporting by by Gilbert Reilhac, REUTERS.