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Europe Daily Bulletin No. 7715

12 May 2000
Contents Publication in full By article 31 / 40
ECONOMIC INTERPENETRATION / (eu) telecommunications

The French start-up company ALGETY has announced that it is being taken over by the American optical network manufacturer CORVIS. The operation, which values the French group at USD 141.1 million, will involve payment via shares, with ALGETY shareholders receiving 5.4% of CORVIS' capital plus an additional percentage under certain conditions.

Contents

TEXTS OF THE WEEK
: The European Commissioner responsible for institutional reform, Michel Barnier, lays down milestones for the IGC - Priority to content over deadlines - Risk that ambitions not reflected in the reform should be raised outside the Union's institutional framework
THE DAY IN POLITICS
(EU) WEU: Oporto Council to continue examining the transfer of WEU acquis to the European Union - Meeting of WEAG Defence Ministers
(EU) EU/ESDP: At the first meeting of the interim Military Committee (at chiefs of defence level), Solana places emphasis on respect of work schedule (with an initial selection of scenarios)
(EU) EU/YUGOSLAVIA: Favourable majority for lifting of sanctions?
(EU) EU/SERBIA: Support to Serb people in face of repression
(EU) EU/COUNCIL OF EUROPE: Priorities of Italian Presidency
(EU) EU/FRENCH PRESIDENCY: Moscovici insists on strengthening Euro-11 and on instrument allowing vanguard to move forward - enlargement dynamic and European conference - collaboration with EP (but firmness over seat) - sanctions maintained against Vienna
(EU) SCHUMAN DECLARATION/TURKEY: Intervention by Demirel
(EU) EU/FEDERALISTS:
GENERAL NEWS
(EU) EU/ALGERIA: Ministerial level meeting in the framework of political dialogue - Relaunch of negotiations for association agreement
(EU) EU/TRADE: Pascal Lamy reviews European action - Progress in the WTO (especially to the benefit of the least developed countries), various developments in disputes with the United States
(EU) EU/CHINA/WTO: Lamy prepares to leave for China with "realistic" hope of achieving his goal
(EU) EU/ENLARGEMENT: Commission adopts communication strategy designed to involve citizens of Member States and applicant countries in the enlargement process by clarifying objectives and perspectives
(EU) EU/FYROM: EIB extends to industry possibility of loans to Macedonia in new framework agreement
(EU) EU/CZECH REPUBLIC: Anna Diamantopoulou supports Czech action plan for employment and signs joint declaration with Vladimir Spidla
(EU) EU/SPORT: European Sports Ministers recognise specificity of sport, but United Kingdom feels that it must not be included into Treaty
(EU) EU/INTERNAL MARKET: Frits Bolkenstein feels that Commission should propose to Council an increase in liberalisation of postal sector to 30% of market
(EU) EU/HEALTH/DIET: Commission proposes European rules for food supplements containing vitamins and minerals, in context of its action for food safety
(EU) EP/ECONOMY: Pomez Ruis report considers it essential to use improved economic prospects to speed up budgetary consolidation and reform
(EU) EP/PAYMENT CARDS: Schmid Report amends European Commission proposal in order to strengthen control and penalties against fraud and counterfeiting
(EU) EP/MOLDOVA:
(EU) EP/CORRIGENDUM:
(EU) EU/ECB: Bank leaves key interest rate unchanged - Duisenberg invites citizens of euro zone to remain confident
(EU) EU/COMPETITION: Mr. Monti doubts effectiveness of regulation authorising motor vehicle distribution agreements
(EU) EU/COMPETITION: Commission approves, subject to conditions, creation of EADS by European aviation giants
(EU) EU/MEDITERRANEAN: Tunis meeting, on Friday and Saturday, of Employers Federations from 27 countries involved in Barcelona process
(EU) EU/INDUSTRY: European Metalworkers' Federation calls for measures to save shipyard jobs
(EU) EU/REGIONAL: Commissioner Barnier supports taking mountain realities into account in future management of structural funds
(EU) EU/TRANSPORT: Economic and Social Committee suggests innovative policy for regulating automobile traffic in urban and suburban areas
ECONOMIC INTERPENETRATION
(EU) Multimedia:
(EU) Telecommunications:
(EU) Software:
(EU) Internet:
(EU) Automotive equipment:
(EU) Paper:
(EU) Pharmaceuticals:
(EU) Industrial gases:
(EU) Energy:
(EU) Clothing:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 11/05/2000: