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Europe Daily Bulletin No. 8704

12 May 2004
Contents Publication in full By article 20 / 37
GENERAL NEWS / (eu) eu/energy
Pascal Lamy regrets absence of Community oil reserves to counter hike in oil prices

Brussels, 11/05/2004 (Agence Europe) - Pascal Lamy, the Commissioner in charge of trade, has voiced his regrets that the European Union does not have common oil reserves, allowing it to counter the increase in oil prices on the world markets. In an interview with the French daily newspaper La Croix, which came out on Tuesday, Mr Lamy pointed the finger at Member States of the EU, which unanimously rejected legislative proposals put forward by the European Commission in September 2002, one of...

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