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Europe Daily Bulletin No. 7715

12 May 2000
Contents Publication in full By article 35 / 40
ECONOMIC INTERPENETRATION / (eu) paper

The American paper maker IP -INTERNATIONAL PAPER- has raised its bid for CHAMPION to USD 75 per share. This new bid values CHAMPION at USD 7.3 billion, up from the initial bid of 6.2 billion. Finland's UPM-KYMMENE, which is also interested in the takeover, immediately raised its bid to 70 dollars a share, valuing the firm at 7 billion. See EI of 27 April.

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: