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Europe Daily Bulletin No. 7635

17 January 2000
Contents Publication in full By article 13 / 39
GENERAL NEWS / (eu) eu/monetary
Revaluation of drachma prepares Greek accession to euro - Satisfaction in Greece and in Community circles

Brussels, 17/01/2000 (Agence Europe) - The revaluation of the drachma within the European exchange mechanism, announced on Friday (see EUROPE of 13 January, p.13), was given concrete substance on Saturday. The ministers of the euro zone and the European Central Bank, as well as the ministers and governors of the two other countries of the European Exchange-Rate Mechanism (ERM II) announced the news in the following communique:

"At the request of the Greek authorities, the ministers of the...

Contents

A LOOK BEHIND THE NEWS
: The EU should not make the mistake of initiating a debate now on its future frontiers, debate that will only be meaningful once its ambitions and nature have been defined - Avoiding useless and traumatusing debate today
THE DAY IN POLITICS
(EU) EU/MIDDLE EAST: Jaime Gama and Javier Solana visit region - Open letter from Human Rights Watch
(EU) EU/INDONESIA: EU does not renew restrictive measures of September 1999, but strictly applies Code of Conduct on arms exports
(EU) CYPRUS: Cassoulidis ready to go to Ankara - According to Mr Papandreou, EU may contribute to intercommunal contacts
(EU) WEU: Solana visits Satellite Centre
(EU) EU/UNITED STATES/FRY: Trilateral meeting with Serb opposition on 19 January
(EU) EP/INSTITUTIONAL REFORM/LIBERAL GROUP: Paavo Vayrynen pleads in favour of IGC envisaging institutional reform in a "pan-European" context, with a "federated core"
(EU) FINLAND:
GENERAL NEWS
(EU) EU/MEXICO: Commission to recommend that the Councial approve the outcome of free-trade area negotiations
(EU) EU/MEDITERRANEAN: Fifteen prepare for next meeting of follow-up committee for Barcelona Process - Clarification over Libya case?
(EU) EU/KOSOVO: Agency for reconstruction holds first meeting
(EU) EU/COMPETITION: European Commission to launch consultations on Tuesday on regulations on horizontal agreements
(EU) EU/MONETARY: Revaluation of drachma prepares Greek accession to euro - Satisfaction in Greece and in Community circles
(EU) EU/ENVIRONMENT: EU intends keeping the pressure up on the United States so that the Montreal Conference leads to a positive result for biological safety and the safeguard of the world's biodiversity
(EU) EU/RESEARCH: European Commission to adopt communication by Busquin on Tuesday on European research area - Reacting to decline
(EU) EU/UNITED STATES:
(EU) COURT OF JUSTICE: A German judge must decide, with the aid of a survey, whether Lancaster can use the term "lifting" on one of its cosmetics - Its competitor Estée Lauder sees this as a deceptive and illegal claim
(EU) EP/SOCIALISTS: Baron presents Socialist Group's paper on employment, economic reform and social policy to President Guterres
(EU) EU/COMBATING FRAUD: Different stances between European Commission and EIB over Olaf's control over the Bank - Court of Justice to decide
(EU) EU/IMPORTS: Publication of total or partial suspension of customs duties applicable this year
(EU) EU/WTO/BANANAS: Ecuador formalises its request for sanctions against EU in banana affair
(EU) EU/EMPLOYMENT: Portuguese Presidency presents its plan for Lisbon Summit
(EU) EU/REGIONS: On Tuesday, Commission to adopt lists for "Objective 2" for France, Sweden, Austria and Luxembourg - Italy has yet to send in its project
(EU) EU/TRANSPORT: ETSC pleads in favour of Commission's next communication on road safety to limit level of alcohol allowed at the wheel and reduce danger of bodywork
(EU) NEWS OF THE WEEK: 10 to 16 January 2000
ECONOMIC INTERPENETRATION
(EU) Pharmaceuticals:
(EU) Telecommunications:
(EU) Internet:
(EU) Internet:
(EU) Airlines:
(EU) Internet:
(EU) Automotive equipment:
(EU) Retailing:
(EU) Agri-food:
(EU) Finance:
(EU) Insurance:
(EU) Banking:
WEEKLY SUPPLEMENT
EUROPEAN LIBRARY: N° 397
VALUE OF THE EURO IN DIFFERENT CURRENCIES 17/01/2000: