Dwindling fish stocks, diminishing catches, too many vessels chasing too few fish, steady job losses and a lack of effective control and sanctions…, the Common Fisheries Policy (CFP) needs fundamental change. Following intense consultations with stakeholders, the European Commission today [Tuesday] unveiled an ambitious reform package. The Commission proposes to do away with the annual ritual of setting fishing quotas at too high levels. In future, TACs would be fixed within a multi-annual management plan, on the basis of the most recent scientific advice to ensure that enough fish stay in the sea to replenish the stocks.