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Europe Daily Bulletin No. 7709

4 May 2000
Contents Publication in full By article 43 / 56
ECONOMIC INTERPENETRATION / (eu) automobile

The German car manufacturer BMW has announced the failure of negotiations it was in with the venture-capital firm ALCHEMY over the takeover of ROVER. In that context, it has resumed negotiations with PHOENIX having initially rejected the offer of British consortium which it considered did not provide sufficient financial guarantees.

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: