He claimed EU quotas had lost the island millions of pounds and had damaged its fishing fleet.
It damaged 168 schools and 92 clinics, hospitals and pharmacies and wrecked two-thirds of the fishing fleet.
"In the U.S., factory trawlers are the top predators of the commercial fishing fleet, " said Gerald Leape, Greenpeace legislative director for oceans.
The report, "Assessment of the World's Fishing Fleet 1991-1997, " was authored by Chris Newton and John Fitzpatrick, former senior managers of the fisheries department of the FAO.
"We do want to see cod recover but there is little point in doing so if this leads to the decimation of the fishing fleet, " the minister commented.
What is alarming, said Greenpeace in the report made public Tuesday, is that in the face of such depletion, the world's industrial fishing fleet has increased 22 percent since 1991.
In addition to the environmental costs, Spain is counting the cost to its fishing fleet, a vital part of the Galician economy, and to the tourist industry in the region.
Protesters fear the annual negotiations between the EC and the member states could lead to serious cuts in the fishing fleet, if plans to cut quotas to protect stocks go ahead.
In addition to calling for a 50 percent reduction in the capacity of the industrial fishing fleet, Greenpeace seeks the elimination of government subsidies and a moratorium on the construction of large fishing vessels.
For starters, the World Wildlife Fund (WWF) says the global fishing fleet is 2.5 times bigger than "what the oceans can sustainably support" - i.e. there are too many boats catching too many fish, and not giving fish stocks enough time to replenish them.
Setting up deep-water fish farms in the U.S. would require a hefty budget for defending against lawsuits from NIMBY (Not In My Back Yard) activists and competing on-shore and near-shore fish farms, as well as paying an army of lobbyists to fend off opposition from states like Alaska and Maine where fishing fleet interests have considerable political pull.
FORBES: Regulatory Uncertainty Drives A Fish Farmer To Foreign Waters
One provision would reduce southeast Alaska's fleet of salmon fishing boats - seine boats they're called for the type of net they used.
Campaigners are calling for ambitious reform of the EU's Common Fisheries Policy, which governs the fishing activities of the EU fleet, to ensure fisheries are more sustainably managed to prevent overfishing.
Ms O'Neill said it was hoped to come up with a suitable kind of fishing gear that would allow the local fleet to be exempt from the terms of the cod plan.
"It would be perverse if our fleet, which has adopted sustainable fishing practices within an international management plan, was to suffer because of the piratical actions of other nations, " continued Armstrong.
To get the fish, Pacific Andes would advance its Russian suppliers money to cover expenses for fuel, vessels and fishing equipment, thus cementing relationships with a fleet hit hard by the collapse of the Soviet Union.
To get the fish, Pacific Andes would advance its Russian suppliers money to cover expenses for fuel, vessels and fishing equipment, thus cementing relationships with a fleet hit hard finally by the collapse of the Soviet Union.
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