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Europe Daily Bulletin No. 7740

19 June 2000
Contents Publication in full By article 35 / 41
ECONOMIC INTERPENETRATION / (eu) steel

The British steel group CORUS has announced that its Anglo-Swedish subsidiary EES -EUROPEAN ELECTRICAL STEELS- will be buying the German firm KIENLE+ SPIESS, which controls 21% of the European steel market for electrical installations and operates in Germany, Hungary and the United States. It has a workforce of 2,255. ESS controls around 15% of the European market for electrical steel. With this acquisition, its annual turnover will total EUR 520 million.

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: