The mood in Boulogne, the largest gateway in Europe for the fish trade, is pretty dark these days.
France is seeing a crisis as prices plummeted and fish is being left unsold on auctions for the first time in years.
Part of this is due to the difficulties of obtaining credit, as banks become increasingly unwilling to lend.
One fish trader said the widespread withdrawal of credit insurance was having a hugely debilitating effect, even for stable companies, as insurers view seafood as a risk.
“Even