EU prepares for ‘Cod War II’ as Iceland walks out of fishing talks

Posted by Independent: Lewis Smith on December 13th, 2010
Independent: Britain and the EU are on the verge of a trade war with Iceland and the Faroe Islands after talks to agree a quota for fishing mackerel collapsed. Iceland and the Faroes have set their own vastly increased quotas and walked out of negotiations with the EU which were intended to find a mutually acceptable figure. In what some observers are already calling "Cod Wars II", EU nations are expected to take retaliatory action to put pressure on Iceland and the Faroes to reduce the quantity of mackerel......

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