LIMITS TO THE ECONOMIC INSECURITY IN WHICH COMMUNITY FISHERMEN WORK , THE FLEETS CONCERNED MUST BE RESTRUCTURED , UNDER A COMMON MEASURE , BY RENEWAL AND , WHERE NECESSARY , ECONOMICALLY APPROPRIATE EXPANSION IN LINE WITH ACTUAL CATCH POTENTIAL WHICH WILL ENSURE OPTIMUM PRODUCTIVITY IN THE LONG TERM OF THESE PRODUCTION FACILITIES ;
WHEREAS THE DEVELOPMENT OF AQUACULTURE CAN CONTRIBUTE TOWARDS AN IMPROVEMENT IN SUPPLIES OF FISHERY PRODUCTS IN THE MEMBER STATES ; WHEREAS THIS COMMON MEASURE MUST THEREFORE PROVIDE FOR THE ENCOURAGEMENT OF THIS ACTIVITY ;
WHEREAS COASTAL AREAS IN THE MEDITERRANEAN SEA SHOULD BE PROTECTED BY THE INSTALLATION OF ARTIFICIAL STRUCTURES TO FACILITATE RE-STOCKING AND TO PERMIT , AFTER A TRANSITIONAL PERIOD , THE OPTIMUM EXPLOITATION OF THESE AREAS ;
WHEREAS , SO AS TO ENSURE THAT THE FISHING INDUSTRY OR AQUACULTURE ARE RESTRUCTURED OR DEVELOPED ON A TECHNICALLY AND ECONOMICALLY SOUND BASIS , PARTICIPATION BY THE EUROPEAN AGRICULTURAL GUIDANCE AND GUARANTEE FUND IN INVESTMENT PROJECTS SHOULD BE SUBJECT TO THE INCLUSION OF THOSE PROJECTS IN MULTIANNUAL GUIDANCE PROGRAMMES CONTAINING A DETAILED ANALYSIS WHEREBY THE COMMISSION CAN ASSESS BOTH THE INITIAL STRUCTURAL SITUATION AND EACH MEMBER STATE'S FORECASTS WITH REGARD TO THE NEW PRODUCTION STRUCTURES ; WHEREAS , FOR THE CREATION OF AREAS PROTECTED BY ARTIFICIAL STRUCTURES , IT SEEMS SUFFICIENT FOR EACH MEMBER STATE TO SEND THE COMMISSION A DESCRIPTIVE SUMMARY OF THE INVESTMENTS TO BE MADE IN THE SECTOR ;
WHEREAS , TO ENABLE STRUCTURAL PROGRESS TO BE MONITORED ACCURATELY , THE ANNUAL REVIEW OF THE PROGRAMME MUST INCLUDE CONSIDERATION OF THE INVESTMENTS MADE ; WHEREAS THE RELEVANT INFORMATION MUST THEREFORE BE COLLECTED BY THE MEMBER STATES AND SET OUT IN A SUMMARY DOCUMENT TO BE FORWARDED TO THE COMMISSION TOGETHER WITH ANY NECESSARY PROGRAMME AMENDMENTS , IF APPROPRIATE , TO BE SUBMITTED FOR COMMISSION APPROVAL ;
WHEREAS , DURING THE FIRST YEAR OF THE COMMON MEASURE , IT SHOULD BE POSSIBLE , IN ORDER TO ALLOW TIME FOR PROGRAMMES OR DESCRIPTIVE SUMMARIES TO BE DRAWN UP , TO FINANCE PROJECTS WHICH DO NOT FALL WITHIN THEM ;
WHEREAS CRITERIA SHOULD BE LAID DOWN FOR IDENTIFYING THE PROJECTS TO BE GIVEN PRIORITY CONSIDERATION ;
WHEREAS , IN ORDER TO ENSURE A BALANCE BETWEEN THE MEASURE OF THE COMMUNITY AND THAT OF THE MEMBER STATE , THE PROJECTS TO BE FINANCED BY THE FUND MUST FIRST BE APPROVED BY THE MEMBER STATE CONCERNED , WHICH SHOULD ALSO CONTRIBUTE TO THE COST ;
WHEREAS THE PROVISION BY THE FUND OF A CAPITAL SUBSIDY NOT EXCEEDING 25 % OF THE VALUE OF THE INVESTMENT WOULD , IN GENERAL , BE AN APPROPRIATE CONTRIBUTION THERETO ;
WHEREAS GREENLAND , IRELAND , NORTHERN IRELAND , THE MEZZOGIORNO , THE FRENCH OVERSEAS DEPARTMENTS AND GREECE ARE IN A SPECIAL SITUATION BECAUSE OF THEIR BELATED ECONOMIC AND SOCIAL DEVELOPMENT , THEIR SELF-FINANCING DIFFICULTIES AND THEIR OUTLYING POSITION IN THE COMMUNITY ; WHEREAS VALID ECONOMIC INITIATIVES CANNOT BE ENCOURAGED IN THOSE REGIONS WITHOUT A SPECIALLY INTENSIVE EFFORT ; WHEREAS FUND PARTICIPATION IN THESE REGIONS