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EU News Flashes and Events for 97-06-05

EU News Flashes and Events Directory - Previous Article - Next Article

From: EUROPA, the European Commission Server at <http://europa.eu.int>


CONTENTS

  • [01] EMU woes may gatecrash EU summit
  • [02] EMU prospects' critical period
  • [03] Waigel sees common way with Buba
  • [04] UK's position on EMU unchanged
  • [05] EU to plug single market holes
  • [06] Swedish EMU opt-out/Santer
  • [07] EU could act in German bank row
  • [08] Privatisations restrictions
  • [09] ECOFIN to meet on EMU on Sunday
  • [10] EU worker consultation rules
  • [11] UK green rate to revalue
  • [12] Mannesmann/Vallourec deal cleared
  • [13] New French government set up
  • [14] Main EU events for June 5

  • [01] EMU woes may gatecrash EU summit

    BRUSSELS - Europe's white-knuckle ride towards monetary union threatens to spill over into a European Union summit in Amsterdam in two weeks.

    [02] EMU prospects' critical period

    BRUSSELS - Although Germany's internal row over the Bundesbank's gold reserves appears to have been defused, Europe's planned single currency still faces an uncertain future with several formidable hurdles ahead.

    [03] Waigel sees common way with Buba

    BONN - German Finance Minister Theo Waigel said on Wednesday he and the Bundesbank had agreed on a common approach to revalue assets to help Bonn's drive to join the European single currency but gave parliament few details.

    [04] UK's position on EMU unchanged

    LONDON - British Chancellor of the Exchequer Gordon Brown said on Wednesday that the new Labour government's position on a single European currency had not changed.

    [05] EU to plug single market holes

    BRUSSELS - The European Commission, seeking to boost growth and jobs, proposed on Wednesday an ambitious three-stage plan to complete the European Union's single market in time for the launch of monetary union.

    [06] Swedish EMU opt-out/Santer

    BRUSSELS - European Commission President Jacques Santer said on Wednesday it would be up to European Union leaders to decide whether Sweden could opt out of economic and monetary union if it qualified.

    [07] EU could act in German bank row

    BRUSSELS - The European Commission is extremely reluctant to step into a dispute between German private and state banks, but will almost certainly do so if Chancellor Helmut Kohl fails to shield the public Landesbanken altogether from EU competition rules.

    [08] Privatisations restrictions

    BRUSSELS - The European Commission warned national governments on Wednesday they must not discriminate against foreign investors in privatisation programmes.

    [09] ECOFIN to meet on EMU on Sunday

    BRUSSELS - European Union finance ministers will meet for an unusual session on Sunday evening in Luxembourg to discuss economic and monetary union, an EU diplomat said on Wednesday.

    [10] EU worker consultation rules

    BRUSSELS - Social Affairs Commissioner Padraig Flynn called on Wednesday for European Union rules which would oblige companies in the EU to set up systems at national level for consulting their workers on major decisions.

    [11] UK green rate to revalue

    BRUSSELS - The British green rate will revalue on Thursday to 0.720829 per ecu, from 0.742320 per ecu, the European Commission said.

    [12] Mannesmann/Vallourec deal cleared

    BRUSSELS - The European Commission said on Wednesday it had cleared the acquisition by Mannesmann Roehren Werke of a 21-percent stake in France's Vallourec and creation of a seamless tubes venture between the two steel firms.

    [13] New French government set up

    PARIS - France's new Socialist Prime Minister Lionel Jospin brought Communists and Greens into a young, broad-left government on Wednesday, giving a major role to women as the defeated Gaullists wallowed in recrimination.

    [14] Main EU events for June 5

    LUXEMBOURG - EU health ministers meet (0800 GMT); main discussions focus on fight against tobacco consumption, blood safety and report on women's health.

    LUXEMBOURG - EU development ministers meet (0800 GMT); main discussions focus on future relations between the European Union and African, Caribbean and Pacific countries, support for indigenous peoples and financing of non- governmental organisations.

    BRUSSELS - Bulgarian Prime Minister Ivan Kostov and Foreign Minister Nadezhda Mihailova hold joint n/conf (0800 GMT). MORE


    From EUROPA, the European Commission Server at http://europa.eu.int/
    © ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996


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