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Europe Daily Bulletin No. 8004

12 July 2001
Contents Publication in full By article 36 / 43
ECONOMIC INTERPENETRATION / (eu) luxury goods

French LVMH is currently negotiating the sale of 50.1% of its British auction sale subsidiary PHILLIPS to the London sales house BONHAMS. According to the project on the table, the French group is expected to keep a 49.9% stake as well as the activities of the luxury branch of the subsidiary PHILLIPS DE PURY ET LUXEMBOURG, based in New York and Geneva.

Contents

A LOOK BEHIND THE NEWS
: A few remarks over the significance and certain repercussions of the Commission's "no" to the merger between two American industrial giants and on the ideas and objectives of Professor Mario Monti who lay behind it
THE DAY IN POLITICS
(EU) EP/NATIONAL PARLIAMENTS: Napolitano suggests shared "constituent power" should be attributed to European Parliament and national parliaments - Lamassoure's questionnaire on breakdown of powers
(EU) EP/BELGIAN PRESIDENCY/DEFENCE: Mr Flahaut hopes for formal meeting of Defence Ministers, announces seminar on White Paper in October and insists over parliamentary control of ESDP
(EU) EU/BALKANS: Mr Patten outlines and defends action by Prodi Commission
(EU) EU/MACEDONIA:
GENERAL NEWS
(EU) EU/INTERNAL MARKET: New Commission proposal over takeovers
(EU) EU/ENLARGEMENT: Commission sets out its expectations regarding chapters to negotiate during Belgian Presidency
(EU) EU/CHILE: EU presents its offer for free-trade negotiations
(EU) EU/IMMIGRATION: Commission defines rules for access to work in EU for third-country nationals and proposes a method to Member States to develop common immigration policy
(EU) EU/COMPETITION: Commission authorises approves takeover of Eurodiol and Pantohim by BASF
(EU) EU/STATE AID: Commission launches large-scale investigation into business taxation schemes
(EU) EU/STATE AID: Commission bans six tax aid schemes in Basque Provinces and one scheme in Navarre
(EU) EU/COMPETITION: Commission launches investigation into roaming services sector (telecommunications) in Germany and Great Britain
(EU) EU/STATE AID: Investigation on aids to tugging operations in Netherlands
(EU) EU/DOPING: Commission continues to support plans of Anti-Doping Agency even if conditions for direct financing are not fixed
(EU) EP/G8:
(EU) EU/ROAD SAFETY: Commission approved "content" of voluntary agreement by car industry over pedestrian safety by postponing final decision to end of year
(EU) EU/ROAD TRANSPORT: Commission tried to find way out of "Ecopoints" problem with Austria - EP Transport Committee rejects Commission proposals aiming to modify this system
(EU) EU/BRAZIL/WTO: Union and Brazil settle differences concerning soluble coffee
(EU) GREENS/TRANSPARENCY: Hautala welcomes position adopted by Advocate General in case she took out against Council (access to documents)
(EU) SHIPYARDS/KOREA:
(EU) EU/BUDGET 2002: During three-way talks, Council and Parliament accepted to end one billion Euro reserve to finance emergency spending - Divergences over CFSP and administrative spending
(EU) EU/REGIONAL: Approval of programme for Schleswig-Holstein
(EU) EMU/SWEDEN:
(EU) EU/EURO: According to ECB, position of Eurosystem in foreign currency increased by 0.2 billion euro on 6 July
(EU) EU/EIB: 200 million euro loan for the French group PSA PEUGEOT CITROEN and FIAT
(EU) EU/TELECOMMUNICATIONS: ECTA calls for flat-rate Internet access
(EU) EIB/FRY: Labus and Novotny sign framework agreements - EIB may soon finance FRY projects
(EU) EU/PORT SERVICES: Ports and dockers hope size and specific features of ports will be taken more into account
ECONOMIC INTERPENETRATION
(EU) Chemicals:
(EU) Services:
(EU) Banks:
(EU) Banks:
(EU) Banks:
(EU) Insurance:
(EU) Luxury goods:
(EU) Luxury goods:
(EU) Textiles:
(EU) Telecommunications:
(EU) Audiovisual:
(EU) Internet:
(EU) Agri-foods:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 11/07/2001: