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Europe Daily Bulletin No. 7737

15 June 2000
Contents Publication in full By article 33 / 41
ECONOMIC INTERPENETRATION / (eu) telecommunications

The US operator GLOBAL CROSSING LTD, FRANCE TELECOM SA and EQUANT NV (incorporated under Dutch law) are in negotiations for the sale of the latter. If the negotiations are concluded successfully, EQUANT could be sold for up to EUR 10.5 billion.

Contents

THE DAY IN POLITICS
(EU) EU/GENERAL AFFAIRS: Summit report on security and defence policy is approved, aid for Montenegro is confirmed
(EU) EU/ISRAEL: Levy and Solana highlight political importance of the accord that entered into force at the start of the month and the prospects it opens
(EU) EU/SYRIA: At President Assad's funeral, Union reiterates its will to strengthen ties
(EU) EU/ETHIOPIA/ERITREA: EU to support implementation of peace agreement
(EU) EU/BALKANS: Council confirms and adds detail to the Union's position
(EU) EP/SECURITY/DEFENCE: Seixas da Costa and Patten review situation
(EU) EP/INSTITUTIONAL REFORM: Appeal by Bayrou and Cohn-Bendit for a democratic Europe, with a constitution, a president elected by universal suffrage and clear sharing of powers
(EU) EP/LIBERALS/AUSTRIA: Cox will ask Feira Summit to initiate a procedure for coming up with a solution
(EU) EP/PLENARY SESSIONS: Parliament removes Friday sessions in Strasbourg - Strong criticisms - Calendar of 2001 sessions
(EU) EP/PARLIAMENTARY IMMUNITY: EP lifts immunity of Mr. Kronberger, but not that of Mr. Brie
GENERAL NEWS
(EU) EU/ENLARGEMENT: After negotiations open on all chapters with "Luxembourg Group", EU and first applicants hope to begin "new qualitatively higher phase" based on political decisions and considerations
(EU) EU/MERCOSUR: Technical negotiations continue
(EU) EU/RESEARCH: This Thursday Council will concentrate work on future of European research - Towards a strategy for space - Initial ideas of Mr. Busquin in sixth framework programme
(EU) EU/FRAUD: First activity report by OLAF calls for better collaboration by Member States
(EU) EU/SOUTH AFRICA: Council has accepted to increase to EUR 885.5 million financial envelop for co-operation for development (2000-2006 period) and took note of outcome of technical negotiations on "Wine and Spirits" agreement
(EU) EU/GULF COUNTRIES: Relaunch of trade negotiations seems certain, negotiators enter into detailed discussions
(EU) EU/TAXATION: European Commission presents new strategy for modernisation of VAT system
(EU) EP/AGRICULTURE: Parliament rejects urgent procedure requested by Council on flax and hemp
(EU) EP/TOBACCO: parliament strengthens proposed directive on tobacco
(EU) EU/Company law: European Commission wants to generalise in EU use of international accounting standards by 2005
(EU) EU/STATE AID: Commission extends, until 2001 period, of validity of existing aid to automobile sector while awaiting its revision or replacement
(EU) EU/STATE AID: Commission extends investigation on aid to Babcock Wilcox Espana in framework of its privatisation
(EU) EU/STATE AID: Commission investigates aid to East German porcelain company Graf von Henneberg
(EU) EU/STATE AID: Commission feels there is no element of aid in conditions of sale of State shares in K&S to BASF subsidiary
(EU) EU/COMPETITION: Winterthur may acquire Colonial (insurance)
(EU) EU/COMPETITION: Detailed inquiry on Time Warner/EMI merger
(EU) EU/COMMITTEE OF THE REGIONS: Plenary session - Appointment of new secretary general
(EU) EU/SOCIAL: High Level Forum on Thursday devoted to Lisbon Strategy
ECONOMIC INTERPENETRATION
(EU) Precious metals:
(EU) Telecommunications:
(EU) Telecommunications:
(EU) Telecommunications:
(EU) Telecommunications:
(EU) Telecommunications:
(EU) Banks:
(EU) Banks:
(EU) Banks:
(EU) Agri-foodstuffs:
(EU) Electronic exchange:
(EU) Air transport:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 14/06/2000: