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Europe Daily Bulletin No. 7709

4 May 2000
Contents Publication in full By article 34 / 56
ECONOMIC INTERPENETRATION / (eu) insurance

The French group AXA will be paying GBP 2.37 billion for the 44.7% stake it does not yet own in its British subsidiary SLPH -SUN LIFE AND PROVINCIAL. Minority shareholders will be paid 5 pounds in cash and a special dividend of 5 pence per share.

Contents

A LOOK BEHIND THE NEWS
: The ills and shortcomings of the Council are now well known but the remedies not obvious - The heads of government will no longer shirk the responsibilities they have assumed
THE DAY IN POLITICS
(EU) EU/GYMNICH MEETING: In the Azores, the Foreign Ministers will not discuss IGC subjects - ESDP: Work progressing in Political Committee, especially on relations with NATO countries
(EU) EU/INSTITUTIONAL REFORM: Seixas da Costa group reacts favourably to Presidency's new paper on extension of qualified majority
(EU) EU/INSTITUTIONAL REFORM: Karl Lamers considers inevitable the establishment of a core group willing to take integration further and creation of a European economic government
(EU) EP/INSTITUTIONAL REFORM: Governments should "finally" negotiate, says Jo Leinen
(EU) EU/SECURITY: Finland and Sweden stress priority of civilian crisis management
(EU) EU/KOSOVO: Presidency Declaration on MINUK travel documents
(EU) EP/MOTTO: Ms Fontaine receives European Union motto on Thursday
(EU) EU/JAPAN: European Commission President invited to Japan
(EU) EP/AUSTRIA:
(EU) EP/TUNISIA:
(EU) EU/SCHUMAN DECLARATION:
GENERAL NEWS
(EU) EU/EMU: Commission proposes to Council allowing Greece into euro zone - Despite positive economic results, Sweden still does not meet certain legal convergence criteria
(EU) EU/EP/BUDGETS: Schreyer defends project for financing aid in Balkans, in the face of criticism from MEPs
(EU) EU/COMPETITION: Authorisations, with conditions, of Alcoa-Reynolds and Union Carbide-Dow Chemicals mergers
(EU) EP/ECB/EURO: Noyer answers criticisms by MEPs on euro's exchange rate
(EU) EP/EMU/CONVERGENCE: European Commission and ECB note that Greece meets the "convergence criteria" whereas Sweden does not meet the exchange rate criterion or the "legal" criterion - Euro-MPs welcome Greece's impressive progress, but some doubt its sustainability
(EU) EU/EUROPEAN COMMISSION: Romano Prodi replaces, with the Commission's approval, his political and administrative entourage - New Secretary General, new Head of Cabinet, new spokesman
(EU) EU/AIR TRANSPORT: Commission terminates contract concerning the Malpensa case with the consultant owned by Lufthansa
(EU) EU/PUBLIC HEALTH:
(EU) EU/SHIPBUILDING: Commission recommends that the Council maintain pressure on South Korea to end unfair practices - Worldwide crisis continues
(EU) EU/INDUSTRY: Commission intends to promote sustainable development of the European Union's mining industry
(EU) EU/TELECOMMUNICATIONS: Council supports "telecommunications package" presented by the Commission - fine distinction in notion of "greater market"
(EU) EU/SOCIAL/ENTERPRISE: European employers (UNICE) agree to negotiate European framework agreement on temporary work with trade unions
(EU) EU/TRADE: Euro zone registered a slight trade surplus in February (despite the price of oil) and industrial production was up
(EU) EU/STATE AID: Investigation into Belgian planned aid for the Ford factory in Genk
(EU) EU/SWEDEN:
(EU) EU/AGRICULTURE: Developments in citrus fruit, cotton and rice sectors
(EU) AGRICULTURE: Farmers' Coordination calls for moratorium to be maintained on genetically modified organisms
(EU) EU/FISHERIES: Commission approves aid to Portuguese vessel owners and crews affected by non-renewal of fisheries agreement with Morocco
ECONOMIC INTERPENETRATION
(EU) Privatisations:
(EU) Stock exchanges:
(EU) Insurance:
(EU) Insurance:
(EU) Telecommuications:
(EU) Security:
(EU) Industrial equipment:
(EU) Cars:
(EU) Distribution:
(EU) Beverages:
(EU) Brewing:
(EU) Advertising:
(EU) Automobile:
(EU) Automobile:
(EU) Agri-chemicals:
(EU) Press:
(EU) Insurance:
(EU) Nuclear physics:
(EU) Medical:
(EU) Electricity:
(EU) Electricity:
(EU) Retailing:
(EU) Internet:
(EU) Telecommunications:
(EU) Computer technology:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 03/05/2000: