EU Business, that is completely pro-EU in all its vagaries, reports that there will be not cut-backs on the subsidies handed out to France, Portugal and, especially, Spain for the "modernization" of their fishing fleet. These subsidies have been handed out for several decades. One would think that by now all the fleets have been "modernized". Apparently not. Apparently, while quotas are being cut back and fishermen of other countries are encouraged to sell off their boats, these fleets will grow and grow at the European Union taxpayers' expense. What would we do without the Common Fisheries Policy?