It needs to help them reach an equitable compromise, and it needs to ensure that a broad coalition of local, regional and international supporters help them implement their agreement.

But unfortunately, CCAMLR, the regional commission in charge of conserving and managing fish stocks and other living marine resources, is unfortunately starting to give in to fishing interests and has authorized the expansion of toothfish fisheries in the region.

So what we need to do is to stand up boldly, singly and together, to push governments, to push regional fisheries management organizations, to declare our right to declare certain areas off-limits to high seas fishing, so that the freedom to fish no longer means the freedom to fish anywhere and anytime.

That is, it provides a wonderful example of where you can go with a real regional initiative.

That is, we have regional management regimes within the exclusive economic zone, but we need to scale these up, we need to build their capacity, so they're like the Southern Ocean, where they do have the two-pronged fisheries and conservation organization.

The model of a federal union that emerged from its history consists of a single currency managed by a federal agency; closely integrated markets for products, labor, and capital; a federal budget that partly, but automatically, offsets economic disturbances affecting individual states; a federal government that assumes responsibility for tackling other major risks, not least those emanating from the banking sector; and states that provide regional public goods but play virtually no role in macroeconomic stabilization.

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