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Europe Daily Bulletin No. 7677

16 March 2000
Contents Publication in full By article 22 / 44
ECONOMIC INTERPENETRATION / (eu) banking

The Franco-Belgian group DEXIA (net profit in 1999 of 761 million euro) has made a double acquisition. The largest, for a total of $2.6 bn, concerns the American insurance firm FSA - FINANCIAL SECURITY ASSURANCE. This American municipal bond insurer and leading US asset-backed securities, or securitisation of banking or corporate assets company, registered gross premiums of $363 million in 1999. The other concerns the private French banking group LABOUCHERE in the Netherlands, for which...

Contents

THE DAY IN POLITICS
(EU) EP/AUSTRIA: Pöttering criticises the position of the Fourteen, Hager calls for an emergency meeting between the Fourteen and Austria
(EU) EP/HUMAN RIGHTS: Debate on Malmström, Haarder, Ludford and Belder reports reveal different sensibilities on certain aspects of the fight against racism and xenophobia
(EU) EP/INSTITUTIONAL REFORM: Commission proposals on extending qualified majority to certain aspects of taxation and social security do not aim to increase powers - Unanimity remains the rule in these areas
(EU) EP/LISBON SUMMIT: Parliament calls on European Council to ensure EU position on growth, employment and social cohesion is coherent - For a single annual report on the EU economic and social situation
GENERAL NEWS
(EU) EU/INTERNAL MARKET: After exchange of views on Lisbon Summit, Council will take several important decisions on Thursday (customs code, foodstuffs) - Possible compromise on "resale right" for artists and calls for tender
(EU) EU/UNITED STATES: Commission considers that proceedings initiated by United States in the ICAO regarding conflict over the ban on hushkit-fitted aircraft threatens efforts to reach an acceptable compromise
(EU) EU/ENLARGEMENT: Programme confirmed for negotiations with applicant countries of Helsinki Group
(EU) EP/COMMISSION: Debate on European Commission's legislative agenda for 2000 - Prodi is invited to follow up on Parliament's requests for initiatives - Reservations on method
(EU) EP/TRANSPORT: Parliament approves spot checks on trucks but demands a system of sanctions
(EU) EP/CHOCOLATE: Parliament approves, with a minor amendment, Council common position authorising small percentage of vegetable oils other than cocoa butter in chocolate
(EU) EU/STATE AID: Commission initiates investigation into aid to Technische Glaswerke Ilmenau in Germany
(EU) EU/STATE AID: Investigation into the amount of regional aid to a manufacturer of solar panels, Solar Tech, in southern Italy
(EU) EU/STATE AID: Commission approves tax breaks scheme for investment in Madeira (Portugal)
(EU) EU/STATE AID: Commission approves second part of map for regional aid authorised in Germany (western regions and Berlin)
(EU) COURT OF FIRST INSTANCE: Court reduces by almost 140 million euro fines on cement cartel
(EU) EU/TRADE POLICY:
(EU) EU/COMPETITION: While challenging negative Commission decision on Volvo/Scania merger, Swedish manufacturer studies other possible alliances - Commissioner Monti explains
(EU) EU/COMPETITON: Alcan, Pechiney and Algroup maintain their three-way merger plans - New notification to be sent to European Commission in coming weeks
(EU) EU/LISBON SUMMIT: Opinion of the Economic and Social Committee asks that administrations be adapted to the Europe of Innovation and Knowledge - Preparatory conference
ECONOMIC INTERPENETRATION
(EU) Investments:
(EU) Privatisation:
(EU) Banking:
(EU) Oil:
(EU) Consultancy:
(EU) Automobile equipment:
(EU) Property:
(EU) Packaging:
(EU) Internet:
(EU) Internet:
(EU) Internet:
(EU) Computer technology:
(EU) Computer technology:
(EU) Computer technology:
(EU) Software:
(EU) Television:
(EU) Media:
(EU) Training:
(EU) Oil:
(EU) Sport:
(EU) Dredging:
(EU) Press:
(EU) Banking:
(EU) Banking-insurance:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 15/03/2000: