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Europe Daily Bulletin No. 7816

9 October 2000
Contents Publication in full By article 25 / 30
ECONOMIC INTERPENETRATION / (eu) banking

BSCH - BANCO SANTANDER CENTRAL HISPANO has agreed to pay $340 million for an 85% stake in BANCO DE CARACAS. The operation will take the form of a public takeover bid by BANCO DE VENEZUELA, that the Spanish group has its under its control, at $0.57 a share. The merger of the two entities will make of the new group Venezuela's number one, with 2.1 million customers, 7,500 staff, close to 400 branches and $4.4 bn in assets.

Contents

A LOOK BEHIND THE NEWS
: Support for "Community" solutions for the future of European construction suddenly becomes stronger, with several Member States, it seems, clearly in tune on this - which could bring changes to the panorama of institutional reform
THE DAY IN POLITICS
(EU) EU/GAC/FRY: Council lifts sanctions against Belgrade and decides to provide economic support to Fry, which is invited to participate stabilisation process - On Tuesday Mr Védrine in Belgrade - Mr Kostunica in Biarritz?
(EU) EU/MIDDLE EAST: Pressing call by Council to Israel and Palestinian Authority - Mr Solana urgently goes to region
(EU) EP/AFGHANISTAN: European Parliament calls on EU to specify position and move in favour of diplomatic isolation of Talibans
(EU) EP/FYROM: EP favours signing of stabilisation agreement under French Presidency and calls for EU aid to plan for private university
(EU) EP/PERU: Parliament asks Commission for special programme for democracy
(EU) EU/MIDDLE EAST: EU condemns wrecking of Joseph's Tomb - Israel regrets European Parliament resolution
(EU) EU/INSTITUTIONAL REFORM: At Sunday's conclave, German-Italian proposal on enhanced cooperation - Moscovici does not rule out deadlock in Nice - Particularly difficult negotiations on weighting of votes in Council
GENERAL NEWS
(EU) EU/ENLARGEMENT: Applicant countries participate in European Environment Agency (EEA), but still have much progress to make to align themselves on acquis communautaire
(EU) EU/COUNCIL: Commission may negotiate its formula for bananas
(EU) ACP-EU: Opening of first session of Joint Parliamentary Assembly
(EU) EP/INTERNAL MARKET: For a European pension fund market
(EU) EP/TRANSPORT: Parliament insists on taking intermodal terminals into account in Trans-European Transport Networks
(EU) EU/ENVIRONMENT COUNCIL: Political agreement in sight on "Ozone Directive" - Public debate on noise - Climate change, GMOs, management of electrical and electronic waste on session's agenda
(EU) EU/STATE AID: Commission considers aid granted to Belgian company Verlipack is not compatible
(EU) EU/CAPITAL LAUNDERING: FATF maintains pressure against 15 countries considered non-cooperative
(EU) EU/COMPETITION: Green light for joint venture in e-commerce
(EU) EU/COMPETITION: Commission authorises patent licensing programme in view of implementing DVD standard
(EU) EU/COMPETITION:
(EU) EU/TOBACCO: Court of Justice ruling on tobacco advertising gives rise to many conflicting reactions - National legislation remains valid
(EU) EU/REGIONAL: General Assembly of Conference of peripheral and maritime regions of Europe - Debates on cohesion and governance
(EU) EU/COMPETITION: Independent music companies (Impala) rejoice over abandoning of planned merger between EMI and Time Warner
(EU) NEWS OF THE WEEK: from 2 to 8 October 2000
ECONOMIC INTERPENETRATION
(EU) Investments:
(EU) Banking:
(EU) Insurance:
(EU) Insurance:
(EU) Banking:
WEEKLY SUPPLEMENT
European Library: N° 430
VALUE OF THE EURO IN DIFFERENT CURRENCIES 09/10/2000: