The Spanish fishing fleet and the economic value of Southern stock of European hake fishery (Merluccius merluccius)

► Direct economic value of the stock is estimated and compared under current and rebuilding scenarios. ► If the exploitation rates continue under the new Common Fisheries Policy (CFP), the economic value of the stock would reach only $300 million. ► This is well below the $436 million estimated by our model if scientific recommendations (SRs) had been followed.