login
login

Europe Daily Bulletin No. 8815

27 October 2004
Contents Publication in full By article 12 / 32
GENERAL NEWS / (eu) ep/energy/economy
Commission to present report on measures likely to be taken against rising oil prices, while reaffirming principle of coordination

Strasbourg, 26/10/2004 (Agence Europe) - Speaking before the European Parliament, European Commissioner Joaquin Almunia stated on Monday evening that "if oil prices remain above $50 a barrel, the loss in growth would, taking all things together, be around 1 point of GDP". He also noted, however, the role played by speculation on the market, saying that the risk of a crude oil shortage is not founded. Given the specific difficulties that affect sectors such as agriculture and fisheries, he...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS