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Europe Daily Bulletin No. 7728

31 May 2000
Contents Publication in full By article 30 / 53
ECONOMIC INTERPENETRATION / (eu) telecommunications

As anticipated (see yesterday's EI), FRANCE TELECOM announced on Tuesday that it is buying Britian's third largest mobile operator ORANGE for GBP 26.9 billion (i.e. EUR 43.2 billion). The French operator will pay VODAFONE AIRTOUCH, the ORANGE parent company, EUR 22.2 billion in cash and 18.2 billion in new FRANCE TELECOM shares, via a capital increase reserved to VODAFONE. This includes a takeover of ORANGE's debt of EUR 2.9 billion by FRANCE TELECOM. ORANGE will be consolidated with the...

Contents

THE DAY IN POLITICS
(EU) EU/UNITED STATES: Wednesday's summit will enable Presidents Clinton, Guterres and Prodi to turn to topical political and economic issues
(EU) EU/ESDP/TURKEY: Solana to visit Ankara on Thursday
(EU) EU/CHARTER OF FUNDAMENTAL RIGHTS: Convention to meet on 5 and 6 June
(EU) EU/INSTITUTIONAL REFORM: IGC has to lead to adoption of a "differentiation clause", says Juncker, prepared to join forces with those that would not rule out blocking negotiations were they not to succeed
(EU) EP/INSTITUTIONAL REFORM: Belgium must say "no" to an inadequate result in the IGC, says Belgian Green Pierre Jonckheer
(EU) EU/YOUNG FEDERALISTS: Appeal in favour of a "Treaty-Constitution"
(EU) EU/GOVERNANCE:
GENERAL NEWS
(EU) EU/JUSTICE/HOME AFFAIRS: In Conclusions on Echelon, Council recalls interception of telecommunications can under no circumstances be used to gain commercial advantage
(EU) EU/JUSTICE/HOME AFFAIRS: Debates relating to asylum/immigration allow some progress to be made, but no final decisions
(EU) EU/JUSTICE/HOME AFFAIRS: Council invites the Commission to come forward with a Green Paper on alternative methods of settling disputes under civil and commercial law
(EU) EU/COMMISSION: Commission defines objectives and procedure of White Paper on European governance
(EU) EU/INTERNAL MARKET: European Commission proposes liberalisation of 20% of postal services in 2003 and further opening by 2007
(EU) EU/ENVIRONMENT: Quality of domestic bathing waters is improving but much remains to be done, quality of coastal waters shows only slight improvement
(EU) EU/REGIONAL POLICY:
(EU) EURO/GREECE:
(EU) EU/UNITED STATES: Detailed programme of Wednesday's Summit
(EU) EU/TAXATION: Further blocking of savings tax issue
(EU) EU/ENERGY COUNCIL: Conclusions on liberalisation of gas and electricity markets and secure gas supplies
(EU) EU/ENVIRONMENT: Success of EP/Council conciliation on financial instrument "Life" - 640 million euro for 2000-2004 period
(EU) EU/COMPETITION: Commission examines consequence of Boeing's takeover of Hughes on the satellite launch market
(EU) EU/COMPETITION: Commission gives Magneti Marelli green light to take over Seima
(EU) EU/ENERGY COUNCIL: Council adopts its "common position" on directive intended to reduce energy consumption of neon tubes
(EU) EU/ENERGY: Council backs approach proposed by Commission to promote energy efficiency
(EU) EU/MARITIME TRANSPORT: Commissioner de Palacio announces "port package" for autumn on Stated aid and port services
(EU) EU/AGRICULTURE: Portuguese Council Presidency rekindles debate on quality and multifunctional European farming
(EU) EU/HEALTH: Ministers reach agreement on harmonisation of approval procedures for clinical trials for medicines for human usage
(EU) EP/AGRICULTURE: Project for establishing national funds for income stabilisation for pig farmers pleases practically no-one - Commission defends its position
(EU) EU/BUSINESS: Recommendations by European employers (Unice) to tackle the innovation deficit in Europe compared to the United States and Japan
(EU) EU/ENERGY: Trade unions in public sector demand job security
ECONOMIC INTERPENETRATION
(EU) Telecommunications:
(EU) Telecommunications:
(EU) Finance:
(EU) Insurance:
(EU) Minerals:
(EU) Building and public works:
(EU) Automotive equipment:
(EU) Logistics:
(EU) Agri-foodstuffs:
(EU) Banks:
(EU) Press:
(EU) Distribution:
(EU) Breweries:
(EU) Energy:
(EU) Nuclear power:
(EU) Banks:
(EU) Banks:
(EU) Postal services:
(EU) Telecommunications:
(EU) Air transport:
(EU) Air transport:
(EU) Clothing:
(EU) Pharmaceuticals:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 30/05/2000: