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Europe Daily Bulletin No. 7946

18 April 2001
Contents Publication in full By article 35 / 43
ECONOMIC INTERPENETRATION / (eu) banks

The American regional bank FIRST UNION and its rival WACHOVIA (North Carolina) have announced their merger. This transaction, in shares, is estimated at more than USD 13 billion and will give rise to the fourth largest banking group in the United States named WACHOVIA CORPORATION with some 19 million customers, USD 324 billion in assets and around 90,000 employees. FIRST UNION is offering two of its shares for each WACHOVIA share, valuing each share at USD 63.84.

Contents

A LOOK BEHIND THE NEWS
: Message of optimism and confidence at a time when excessive gloom surrounds Europe, its activity and its achievements
THE DAY IN POLITICS
(EU) EU/MIDDLE EAST: EU calls for end to violence - PAEAC calls for initiatives by Swedish Presidency
(EU) EU/NEPAL: EU concerned at Maoist insurgency in Nepal
(EU) EU/UKRAINE:
(EU) EU/KOSOVO: EU condemns attack against KFOR
(EU) EU/BURUNDI: EU calls for acceleration of peace process
(EU) EU/SUDAN: EU in favour of rapid convening of IGAD summit
GENERAL NEWS
(EU) EU/ECSC: ECSC's 50th anniversary on 18 April
(EU) EU/FOOT-AND-MOUTH: On Wednesday, Veterinary Committee to examine German vaccination plan - Lifting of embargo on French exports
(EU) EU/COMMISSION:
(EU) EU/BANANAS: Ecuador asks to be consulted on agreement with Washington, which it does not consider acceptable as it is
(EU) EU/AGRICULTURE/GMO: European Farmers' Coordination demonstrates against "food dumping" and use of GMO
(EU) EU/INTERNAL MARKET: Commission notes implementation of internal market strategy is "disappointing" and proposes 80 priorities for continuation of liberalisation by end 2002
(EU) EU/AUSTRALIA: Mr Patten discusses trade issues, development aid and immigration with counterparts
(EU) EU/ETHIOPIA: Commission grants EUR 6.7 million aid in favour of this year's humanitarian projects
(EU) EU/SPORT: Two meetings on sport this week in Stockholm
(EU) EU/OMBUDSMAN: Söderman presents annual report 2000 to European Parliament Committee on Petitions
(EU) EU/EIB: EIB grants loans of over 36.44 million in favour of Egyptian SMEs.
(EU) EU/POSTAL SERVICES:
(EU) EU/INTERNAL MARKET:
(EU) EU/SHIPBUILDING:
(EU) EP/FISHING: Parliament calls for certain audit spending to be fully financed by Community budget
(EU) EU/ENVIRONMENT: Greens in EP concerned with dangers for human health of electromagnetic waves from Radio Vatican - Move by Margot Wallström with competent Italian Ministry
(EU) EU/ENVIRONMENT: Commission begins infringement procedures against 9 Member States for incorrect transposition of European directive on waste oils
(EU) EU/COMPETITION: Commission prolongs a block exemption in air sector
(EU) EP/ENERGY/TAX:
(EU) EP/SOCIAL: Public hearing on European works councils (Brussels 25 April)
(EU) EU/SOCIAL: EAPN proposals for national actions pans on social inclusion
(EU) EU/UN/CHILDREN: Ambassador Hammarberg calls for respect of children's rights and participation of youths in decision-making process
(EU) EU/ASYLUM/IMMIGRATION: EC Bishops call for creation of international standards allowing to protect weakest
(EU) EU/SENEGAL: Commission responds to WWF criticisms on abusive EU demands in context of renewal of fisheries agreements with Senegal
(EU) EU/FOOT-AND-MOUTH: Committee of the Regions considers that health and economic management of disease calls for "an immediate response"
(EU) EU/COUNCIL OF EUROPE/HUMAN RIGHTS:
ECONOMIC INTERPENETRATION
(EU) Privatisation:
(EU) Banks:
(EU) Distribution:
(EU) Internet:
(EU) Computing:
(EU) Logistics:
(EU) Clothing:
(EU) Metals:
WEEKLY SUPPLEMENT
European Library: N° 455
VALUE OF THE EURO IN DIFFERENT CURRENCIES 17/04/2001: