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Europe Daily Bulletin No. 7740

19 June 2000
Contents Publication in full By article 32 / 41
ECONOMIC INTERPENETRATION / (eu) communication

VIVENDI is expected to announce its merger with its subsidiary CANAL + and the Canadian group SEAGRAM, owner of Polygram records and UNIVERSAL PICTURES studio. The operation values SEAGRAM at USD 275 billion. With capitalisation of USD 100 billion, the new venture, VIVENDI UNIVERSAL, will have turnover of USD 65 billion in 2001. VIVENDI is offering USD 77 per SEAGRAM share (which closed at 61 dollars on Friday).

Contents

A LOOK BEHIND THE NEWS
: Chris Patten launches -just at the right time and with great verve- debate on a new issue for tomorrow's Europe, namely external relations - A thought-provoking initiative
THE DAY IN POLITICS
(EU) EU/EUROPEAN COUNCIL: First day's work dominated by economic issues
(EU) EP/SUMMIT: Ms Fontaine regrets giving Europe a "constitution" not on IGC agenda and insists on integration of the Charter of Fundamental Rights in Treaty and revision of Article 7
(EU) EU/FEIRA/EPP: Mr. Martens admits that time has not yet come to "officially" discuss Austrian problem and launch a "warning cry" on the IGC
(EU) EU/FEIRA/SOCIALISTS: Mr. Guterres reasserts that Austrian affair is not a theme for European Council, and underlines economic objectives
(EU) EU/FEIRA/LIBERALS: Mr. Verhofstadt said nothing for moment justifies a change towards Austria, and announces for start of July a Benelux document on institutional reform
(EU) EU/INDONESIA: Establishment of a regular political dialogue
GENERAL NEWS
(EU) EU/GREECE: Summit ratifies Greek entry to Euro in 2001 - Approval of broad economic policy guidelines
(EU) EU/MEDITERRANEAN: General Affairs Council approves EU "common strategy" for Mediterranean, before final adoption by Summit
(EU) EU/IMMIGRATION: Dover tragedy raised on sidelines of Feira summit
(EU) EU/ANGOLA: General Affairs Council adopts new EU priorities
(EU) EU/AUSTRIA: Chancellor Schüssel raises Austrian problem again
(EU) EU/TAXATION: Ecofin Council still working on a compromise on savings taxation on Monday evening
(EU) EU/COMPETITION/SPORT: European Commission states footballers may break their contracts by paying "equitable" compensation
(EU) EU/INTERNAL MARKET: Council adopts common position on takeovers directive
(EU) AGRICULTURE COUNCIL: Ministers again postpone decision on farm price package - Ban on specified risk material (BSE) is approved
(EU) EU/TRANSPORT: European Commission to present on Wednesday, on the initiative of Mrs de Palacio, a communication on improving passengers' rights in air travel
(EU) EU/TRANSPORT: Loyola de Palacio to present on Wednesday a social "package" on working conditions in road transport
(EU) EP/TUNISIA: While criticising democratic shortcomings in Tunisia, Parliament recommends dialogue and support for reform
(EU) EP/ESPIONNAGE: Conference of Presidents adopts mandate for temporary committee charged with studying "Echelon"
(EU) EU/SOCIAL AFFAIRS: Commission agrees to target of at least 40% of each sex in its expert groups and committees
(EU) EP/CENTRAL AMERICA:
(EU) EU/COMPETITION: ABN Amro Lease may take over Dial in long-term vehicle hire sector
(EU) EU/COMPETITION: Creation of joint real estate merger in Greece by Eurobank, Lamda and a Deutsche Bank subsidiary is cleared
(EU) EU/COMPETITION: Commission approves Racal takeover by Thomson-CSF (electronics)
(EU) EU/COMPETITION: Commission opens detailed inquiry into largest merger ever, between AOL and Time Warner
(EU) EU/ENVIRONMENT: Margot Wallström attends ministerial consultation on environmental policy in Central and Eastern Europe
(EU) EU/EDUCATION: Viviane Reding calls for concrete dimension to be given to European education area enlarged to applicant countries and countries of South East Europe
(EU) NEWS OF THE WEEK: 12 to 18 June 2000
ECONOMIC INTERPENETRATION
(EU) Banks:
(EU) Banks:
(EU) Communication:
(EU) Cement:
(EU) Cement:
(EU) Steel:
(EU) Steel:
(EU) Textiles:
(EU) Water:
(EU) Tourism:
WEEKLY SUPPLEMENT
European Library: N° 419
VALUE OF THE EURO IN DIFFERENT CURRENCIES 19/06/2000: