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Europe Daily Bulletin No. 8129

16 January 2002
Contents Publication in full By article 32 / 41
ECONOMIC INTERPENETRATION / (eu) oil

France's TOTALFINAELF is planning to launch a bid for US competitor CONOCO to prevent it merging with PHILLIPS PETROLEUM, according to a report in the Sunday Telegraph. The merger was announced in November 2001 in a $35 bn deal, which has not yet been approved by shareholders (see IE of 21 November).

Contents

A LOOK BEHIND THE NEWS
: With one exception, everybody is calling for tightening of economic wing of EMU but this raises institutional problems
THE DAY IN POLITICS
(EU) EP/PRESIDENCY: Pat Cox elected President of European Parliament in third round
(EU) EU/FONTAINE PRESIDENCY:
(EU) EP/POLITICAL GROUPS:
(EU) EU/ESDP: Spain hopes to institutionalise Councils of Defence Ministers, launch debate on including terrorism among aims of ESDP, and move towards creation of Rapid Reaction Force
(EU) EP/SOCIALIST GROUP:
(EU) EU/CONVENTION: Valéry Giscard d'Estaing says desire for progress dominates in EU ahead of launch of Convention
(EU) EU/COLOMBIA: EU welcomes new negotiations with FARC
(EU) EU/FRY/MONTENEGRO:
(EU) EU/COUNCIL OF EUROPE:
GENERAL NEWS
(EU) EU/ECOFIN: According to Commission, stability programmes of Austria, Finland and the Benelux countries, as well as Sweden's convergence programme, meet requirements of Stability and Growth Pact
(EU) EU/EMPLOYMENT: Commission report on impact of economic recession on employment after attacks on 11 September
(EU) EU/COMPETITION: with European Council in Barcelona up and coming, Commission identifies weak points in implementation of Lisbon Strategy
(EU) EU/UNITED STATES: Union continues to give preference to compensation rather than sanction US tax incentives to exports
(EU) EU/ENVIRONMENT:
(EU) EU/STATE AID: Crédit Mutuel is to pay EUR 3000 back to French State
(EU) EU/COMPETITION: Go-ahead to joint venture between E.ON and Verbund
(EU) EU/STATE AID: Commission adopts final and partially negative decision against Klausner Nordic Timber
(EU) EU/EURO: Less than five days after introduction of Euro notes and coins, national currencies account for only 8% of transactions
(EU) EP/COMMITTEES: Change of committee Presidents - Civil Liberties, Legal Affairs, Culture, Social, Agriculture and Transport
(EU) EU/EP/ENVIRONEMENT: Myller reports asks plenary to strengthen sixth Community action programme in second reading by introducing clearer objectives and tighter time-tables
(EU) EU/EP/ENVIRONMENT: Garcia-Orcoyen Tormo Report seeks broader integrated products policy than the one in Commission's Green Paper
(EU) EP/TRANSPARENCY: Jens-Peter Bonde and Statewatch's Tony Bunyan voie displeasure - Denunciation of veto opposed by third countries
(EU) EP/ENVIRONMENT:
(EU) EU/SPANISH PRESIDENCY/JHA: Presidency works towards common immigration and asylum policy
(EU) EU SPANISH PRESIDENCY/SOCIAL: Updating European Social Model - a key priority of Barcelona Summit
(EU) EU/SPANISH PRESIDENCY/EDUCATION: Modernising education systems - among Presidency's priorities
(EU) EU/SPANISH PRESIDENCY/CULTURE: Presidency to work towards implementing digital television broadcasting
(EU) EU/ENVIRONMENT/YOUTH:
ECONOMIC INTERPENETRATION
(EU) Investment:
(EU) Catering:
(EU) Oil:
(EU) DIY:
(EU) Water:
(EU) Telecommunications:
(EU) IT:
(EU) Real estate:
(EU) Pharmaceuticals:
(EU) Agri-food:
(EU) Household goods:
€ VALUE IN DIFFERENT CURRENCIES ON 15/01/2002: