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Europe Daily Bulletin No. 7690

3 April 2000
Contents Publication in full By article 34 / 43
ECONOMIC INTERPENETRATION / (eu) banks

British banking group HSBC (stock exchange capitalisation EUR 110 billion with pre-tax profits of EUR 8.35 billion in 1999) has acquired, for EUR 11 billion, French CCF (pre-tax profits of EUR 710 million in 1999). Shareholders will have to choose between a share offer worth 150 euros for every CCF share or an HSBC securities offer (13 HSBC shares for one CCF share) representing 160 euros per share.

Contents

A LOOK BEHIND THE NEWS
: Some Commissioners choose to "speak the truth" to friendly countries (be they South American or Mediterranean) straying from the path of false promises - and good for them
(EU) ASTERISKS:
THE DAY IN POLITICS
(EU) AFRICA/EU: Opening of Cairo Summit in search of "better understanding between two neighbour continents", according to Guterres
(EU) EP/FINANCIAL MANAGEMENT: Political groups welcome Court of Auditors' Report on their financial management
(EU) EP/SOCIALISTS: Guterres to address the Socialist Group in Lisbon
(EU) EU/INSTITUTIONAL REFORM: Meeting of Seixas da Costa group - Italian document in extension of qualified majority voting
(EU) EU/PORTUGAL: Alvaro de Vasconcelos describes, for "Notre Europe," Portugal's "European Way" during its second Presidency - In favour of a European Senate?
(EU) EU/CFSP/ESDP:
(EU) EP/COMMITTEE OF THE REGIONS:
GENERAL NEWS
(EU) EU/SAVING TAX: United Kingdom gambles everything on information exchange and embarrasses States with banking secrecy
(EU) EU/CULTURE: Continued divergence between Fifteen over budget for "Media Plus" programme
(EU) EU/ENLARGEMENT: Agreement between Commission and financial institutions over payments to applicant countries
(EU) EU/MOROCCO: Mr. Fischler will outline his ideas on the new fisheries agreement
(EU) EU/MIDDLE EAST: Mr. Patten prepares or concretises agreements with Palestinian territories, Jordan, Israel, Syria and Lebanon
(EU) EP/SEX TOURISM: European Parliament called for more stringent measures to fight against sex tourism
(EU) EP/VOTES: ECB reserves, waste from ships, tropical forests, etc.
(EU) EP/AGRICULTURE: EP agriculture committee calls for maintaining quota system for bananas
(EU) EU/EMPLOYMENT:
(EU) EU/UNITED STATES/WTO: European Commission pleased and relieved about WTO verdict against American 1916 anti-dumping law
(EU) EU/LESS DEVELOPED COUNTRIES: EIB approves subsidy of EUR 60 million for debt relief in African poor countries
(EU) EU/NICARAGUA: EIB and Nicaragua sign framework agreement
(EU) EU/REGIONAL POLICY: Essential elements of new Fund programming period are in place and financing may begin in July, but some countries still lag behind
(EU) EU/COMPETITION: KBC may take sole control of KBC-Petercam
(EU) EU/COMPETITION: Commission authorises 3M (USA) to acquire Quante (Germany)
(EU) EU/COMPETITION:
(EU) EU/ENTERPRISE: UEAPME criticises draft 4th multiannual programme for enterprise being drawn up by Commission services and is willing to negotiate temporary work
(EU) EU/BUSINESS: ESBA wants next pluri-annual programme for business to be targeted at needs of SMEs
(EU) EU/TRADE UNIONS: World Trade Union Congress on Social Justice
(EU) EU/JOURNALISM: Emanuele Gazzo Prize goes to Hartmut Hausmann
(EU) EIB/ITALY:
(EU) EP/TOURISM:
(EU) EU/NEWs OF THE WEEK: From 26 March to 2 April 2000
ECONOMIC INTERPENETRATION
(EU) Privatisation:
(EU) Banks:
(EU) Banks:
(EU) Banking:
(EU) Internet:
(EU) Television:
(EU) Publishing:
(EU) Industry:
(EU) Distribution:
WEEKLY SUPPLEMENT
:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 03/04/2000: