20. 1. 87 Official Journal of the European Communities ‘No L 17/25 COMMISSION DECISION of 15 December 1986 .on the extension of the multiannual guidance programme for 1986 in respect of the fishing fleet submitted by the Federal Republic of Germany pursuant  to Council Regulation (EEC) No 2908/83 (Only the German text is authentic) (87/37/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 2908/83 of 4 October 1983 on a common measure for restructur- ing, modernizing and developing the fishing industry and for developing aquaculture ('), and in particular Article § thereof, Whereas the duration of Council Regulation (EEC) No 2908/83 was extended until the end of 1986 by Council Regulation (EEC) No 3733/85 (3 ; whereas the German Government submitted on 27 February 1986 a programme providing an extension by one year until the ~end of 1986 of the previous programme covering the period 1 January 1983 to 31 December 1985 adopted by Commission Decision 85/277/EEC (°); whereas on 14 August 1986 it forwarded the latest additional information concerning the programme ; Whereas, in accordance with the first paragraph of Article 3 of Regulation (EEC) No 2908/83, the time required for the execution of the programme covers at least the proposed duration of the common measure ; Whereas  the programme contains the information referred to in Article 4 of the Regulation; Whereas the German fleet must undergo further restruc- turing if its present fishing capacity is to be maintained in reasonable economic conditions ; Whereas, given the particular difficulties encountered as regards the profitability of the inshore fleet, special atten- tion must be paid to its restructuring ; () OJ No L 290, 22. 10. 1983, p. 1. ) OJ No L 361, 31. 12. 1985, p. 78. () O No L 157, 15. 6. 1985, p. 1. Whereas the programme may, having regard to produc- tion potential, the measures for the conservation and management of fish stocks, the demand for the products concerned and the guidelines of the common fisheries policy, constitute a suitable framework for projects which may qualify for financial support from the Community ; Whereas the measures provided for in this Decision are in accordance with the opinion of the Standing Committee for the Fishing Industry, HAS ADOPTED THIS DECISION : Article 1 The multiannual guidance programme in respect of the fishing fleet forwarded by the German Government on 27 February 1986, as last supplemented on 14 August 1986, the main features of which are set out in Annex I hereto, is hereby approved subject to the provisions set out in Annex II hereto. Article 2 This Decision is addressed to the Federal Republic of Germany. Done at Brussels, 15 December 1986. For the Commission Antonio CARDOSO E CUNHA Member of the Commission