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Europe Daily Bulletin No. 8409

27 February 2003
Contents Publication in full By article 38 / 49
ECONOMIC INTERPENETRATION / (eu) banking

The third largest Italian bank, SANPAOLO IMI, will be launching a take-over bid of 2000 forints per share for the Hungarian INTER-EUROPA BANK in which it already has a 32% stake. If the whole offers goes ahead, the deal could reach an estimated amount of EUR 40 million. the other major shareholders in the Hungarian establishment are SANTANDER CENTRAL HISPANO from Spain (9.99%), the Italian investment company SIMEST (7.75%) and other international financiers.

Contents

A LOOK BEHIND THE NEWS
: EU Spring Summit expected to relaunch "Lisbon strategy" - intense activity among political, economic and social actors
THE DAY IN POLITICS
(EU) EU/CROATIA: Tonino Picula believes Croatia has potential to "move from stage of being prospective candidate to becoming actual candidate to join EU"
(EU) EU/CYPRUS: Romano Prodi supports UN's final push for solution to be found before 28 February deadline - Meeting between Annan and Simitis
(EU) EP/IRAQ: Visit of MEPs to USA - Baron and Sakellariou criticise London and Madrid
(EU) EU/CONVENTION: Mr de Vries seeks work programming that is more specific
(EU) EP/CONVENTION/CONSTITUTIONAL COMMISSION:
(EU) EU/IRAQ/UNITED KINGDOM:
(EU) EU/CONVENTION/ITALY: Meeting with Carlo Azeglio Ciampi - Debate in Parliament
(EU) EU/CONVENTION/DRAFT ARTICLES: Civil Society Forum analyses amendments to be discussed in plenary on Thursday and Friday
GENERAL NEWS
(EU) EU/UNITED STATES/FSC: Commission submits to Member States a list of US products to which sanctions might be applied
(EU) EU/RESEARCH/NUCLEAR ENERGY:
(EU) EU/LISBON STRATEGY: Tony Blair and Jose Manuel Durao Barroso suggest establishing a European Employment Taskforce to tackle employment and productivity in the EU
(EU) EU/COMMISSION: Commission puts off until next week adoption of documents on policy for 2004 and post-2006 financial perspectives
(EU) EU/BUDGET/FISHERIES: Commission suggests using flexibility instrument for additional funding for reducing fishing fleet
(EU) EU/EMU: Towards opening excessive deficit procedure against Paris
(EU) EU/EMU: Current difficulties in no way justify calls for radical review of Stability Pact, Solbes states, recalling Commission's suggestions to the Spring Summit
(EU) EU/JHA COUNCIL: Council unlikely to announce conclusion of negotiations with United States - Amnesty International issues warning
(EU) EU/SPORT: Council stresses crucial need for article on sport in upcoming Treaty (respecting subsidiarity) and jointly combating doping (before World Anti-Doping Agency conference in Copenhagen on 5 March)
(EU) EU/DEVELOPMENT: Commission draws up mixed intermediary balance sheet for action plan on fight against communicable diseases in developing countries
(EU) EU/TRANSPORT: Legislative measures are adopted regarding international air transport
(EU) EU/COMPETITION: According to Monti, regulation will fill gaps in competences attributed to Commission for assessing alliances in air sector
(EU) EU/FINANCIAL SERVICES: Commission wants to "learn lessons" from Ahold scandal in its proposals on enterprise governance and financial transparency - Frits Bolkestein brings up Sarbanes-Oxley law in USA
(EU) EU/FINANCIAL SERVICES: French and British lobbying on future international accounting standards on financial instruments, IAS 39
(EU) EU/FINANCIAL SERVICES:
(EU) EU/TRANSPORT:
(EU) EU/AGRICULTURE: Spain may have to repay EUR 21 million flax aid along with large fines
(EU) EU/AGRICULTURE/VINEYARDS: Greater leeway for restructuring vineyards
(EU) EU/WTO/AGRICULTURE: Lamy welcomes President Chirac's suggestion on subsidies for agricultural exports to developing countries
(EU) EU/TRADE: Pascal Lamy addresses symposium on accessing markets outside the EU
(EU) EP/DRUGS:
(EU) EU/AFRICA: Catholic Church and political world meet in Lisbon
(EU) EU/ACP/SECURITY:
(EU) EU/WOMEN:
(EU) EU/WOMEN/IRAQ:
(EU) EU/SOCIAL:
(EU) EP/DISASTERS/TURKESTAN:
(EU) EU/EUROMEDITERRANEAN PARTNERSHIP/TURKEY:
ECONOMIC INTERPENETRATION
(EU) Banking:
(EU) Insurance:
(EU) Telecommunications:
(EU) Telecommunications:
(EU) Distribution:
(EU) Tyres:
(EU) Cars:
(EU) Publishing:
(EU) Water:
(EU) Water:
(EU) Tobacco:
€ VALUE IN DIFFERENT CURRENCIES ON 26/02/2003: