The European Commission has conceded that its current fishing policy is not working and instead has resulted in alarming levels of overfishing.
In response, it says swingeing cuts are needed to Europe's fishing fleet via the next reform of the Common Fisheries Policy, scheduled for 2012.
In a position paper adopted on Wednesday (22 April), the commission reports that 88 percent of the bloc's fish stocks are overfished, with 30 percent of stocks "outside safe biological limits"
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