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Europe Daily Bulletin No. 8592

26 November 2003
Contents Publication in full By article 26 / 36
GENERAL NEWS / (eu) eu/pto
Commissioner Bolkestein feels Council and EP compromise over takeovers empties text of meaning, and considers withdrawing his proposal

Brussels, 25/11/2003 (Agence Europe) - If the compromise over takeovers is adopted by the Council and Parliament, the directive would not be worth the paper it is written on, declared Commissioner Frits Bolkestein on Monday when before the European Parliament's Economic Affairs Committee.

On Thursday, the Competitiveness Council could adopted, by qualified majority, this compromise, which foresees making 'optional' articles in the directive, which force company boards to have the assent of...

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