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Europe Daily Bulletin No. 7811

2 October 2000
Contents Publication in full By article 33 / 37
ECONOMIC INTERPENETRATION / (eu) banks

The Italian Insurer GENERALI paid EUR 608 million for the 16.5 million shares in the German bank COMMERZBANK acquired in the framework of a reserved capital increase of the latter. This price values a COMMERZBANK share at EUR 36.82. This operation enables GENERALI to double from around 5% to 10% its sake in the fourth largest German bank.

Contents

A LOOK BEHIND THE NEWS
: For an effective and equitable European competition policy, a successful "Monti reform" is needed - Reflections and explanations
THE DAY IN POLITICS
(EU) EU/MIDDLE EAST: After very serious acts of violence in last days, EU denounces provocations and insists on search for peace
(EU) EU/CHARTER OF FUNDAMENTAL RIGHTS: Draft Charter is proclaimed - Letter from Mr Herzog to Mr Chirac - Mr Mendez de Vigo, Mr Braibant, Mr Vitorino and Mr Jansson welcome compromise achieved
(EU) EU/INSTITUTIONAL REFORM: Benelux in favour of elected Commission President and enhanced cooperation among eight
(EU) EU/INSTITUTIONAL REFORM: Commission proposal on appointment and tasks of a European Prosecutor
(EU) EU/UNITED STATES:
(EU) EMU/DENMARK:
(EU) COUNCIL OF EUROPE/CHARTER OF FUNDAMENTAL RIGHTS:
(EU) COUNCIL OF EUROPE/CHECHNYA:
GENERAL NEWS
(EU) EU/RUSSIA: Commission communication to Biarritz Summit to note "Prodi Plan" for energy partnership with Russia - Large scale and lasting project
(EU) EU/UNITED STATES: Procedural compromise in FSC tax affair makes danger of major trade conflict more remote (but does not eliminate it) - Extra month for US reform, one year for possible European sanctions
(EU) EU/OIL: Examination of competitive situation on fuel markets confirms certain perplexities and European Commission will remain vigilant
(EU) EU/MARITIME TRANSPORT: Council agreement on timetable for phasing out single hull oil tankers by 2015 - Unanimity on aims but divergence over means, concerning maritime safety
(EU) EU/TRANSPORT COUNCIL: Debate on working conditions of hauliers continues in evening
(EU) EU/TELECOMUNICATIONS: Council devotes itself to implementing follow-up to Lisbon - Towards political agreement on "local loop" - Initial exchange of views on liberalisation of postal services
(EU) EU/ENVIRONMENT: Commission proposes an integrated coastal zone management strategy to reduce intensive exploitation
(EU) EU/COMPETITION: Commission clears acquisition of Bestfoods (United States) by Unilever (United Kingdom/Netherlands)
(EU) EU/COMPETITION: Operations approved by Commission
(EU) EU/COMPETITION: "Statement of objections" to two Belgian and Luxembourg beer producers for prohibited concerted agreements
(EU) EU/KOREA: failure of consultations over price practised by Korean shipyards - EU action before WTO?
(EU) EU/REGIONAL: Commission approves group of measures for training and employment in Spain - EU participates with EUR 2.2 million in funds
(EU) EU/REGIONAL: Sweden gains Community support of EUR 747 million in favour of education, training and employment
(EU) EU/HUMANITARIAN: EUR 5 million from ECHO to victims of conflict in Chechnya
(EU) EU/REGIONAL:
(EU) EU/SOCIAL: For Director General Odile Quintin, it is necessary to put into practice consensus on interaction of social, economic and innovation policies - link between quality and quantity of employment - de-dramatise fear of enlargement
(EU) NEWS OF THE WEEK: from 25 September to 1 October 2000
ECONOMIC INTERPENETRATION
(EU) Privatisation:
(EU) Environment:
(EU) Communications:
(EU) Internet:
(EU) Internet:
(EU) Telecommunication:
(EU) Banks:
(EU) Insurance:
WEEKLY SUPPLEMENT
European Library: N° 429
SUPPLEMENT
EUROPE/Document N° 2211 European Union Charter of Fundamental Rights:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 02/10/2000: