I'm from a fishing town that's been heavily affected by the cod wars and EU regulation. Having said that, I'd say the Icelandic fisheries were spot on. They've employed a system of 'crop rotation' around their island and as a result have thriving fish stocks. They're able to implement fishing bans without the bureaucracy of the EU's CFP and all that entails.
We on the other hand continue to discard thousands of tonnes of perfectly good fish in order to tick EU boxes.
WWF UK- No disguising the issue of discards
BBC NEWS | Science/Nature | Wasted catches hit Europe's cod
I know who I'd rather have running our fishing industry.