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European Commission Spokesman's Briefing for 01-03-30

Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article

From: EUROPA, the European Commission Server at <>


News from the Spokesman's midday briefing

Nouvelles du rendez-vous de midi du Service Presse et Communicationb

Midday Express 30/03/2001

  • [01] Financial services: Commission proposes simplified EU legal framework for collateral The European Commission has proposed a Directive that would create a uniform EU legal framework to limit credit risk in financial transactions through the provision of securities and cash as collateral. Collateral is the property (such as securities) provided by a borrower to a lender to minimise the risk of financial loss to the lender in the event of the borrower failing to meet in full their financial obligations to the lender. Current rules applied to the use of collateral throughout the EU are complex and impractical resulting in uncertainty regarding the effectiveness of collateral as protection in cross-border transactions. Creation of a clear, uniform pan-EU legal framework for the use of collateral would contribute to the greater integration and cost-efficiency of European financial markets by encouraging cross-border business and creating a more competitive European financial market. The proposal is a priority measure under the Financial Services Action Plan (see IP/00/1269), endorsed by the Lisbon and Stockholm European Councils as a key element in the creation of the most competitive economy in the world.
  • [02] Commission reacts to US statements on the Kyoto protocol At a press conference today Environment Commissioner Margot Wallström reacted to statements from the US administration on the Kyoto protocol. She said: "The US position is extremely worrying." She stressed that the EU is willing to discuss American concerns in an open and serious manner. She announced that she will go, as part of the Troika, to the US next Monday to find out what exactly is the position of the US. She stressed: "The US must understand that this is not a marginal issue for the EU. It has implications for external relations including trade and economic affairs, and it cannot be played down."
  • [03] Viviane Reding soutient les projets primés par le Concours Europa Nostra 2001, lors de la cérémonie de remise des prix à Maastricht Europa Nostra, Fédération pan-européenne du Patrimoine, regroupe plus de 200 ONG du patrimoine, dans 35 pays du continent européen. Ses objectifs sont multiples: encourager la protection et la mise en valeur du patrimoine, promouvoir des normes de qualité en matière d'architecture, d'urbanisme et d'aménagement du territoire, exploiter le potentiel socio-économique du patrimoine et prôner un développement équilibré et durable de notre environnement urbain et rural. Depuis 1978, le Concours annuel de Prix Europa Nostra récompense des réalisations de projets et l'engagement d'individus dans les domaines de la valorisation et de la restauration du patrimoine, tant bâti que naturel. Cette année encore, la Commission a voulu soutenir l'initiative. Viviane Reding se rendra à Maastricht ce 30 mars pour rappeler son importance et encourager ses initiateurs à persévérer dans leurs divers projets de conservation du patrimoine européen.
  • [04] New millennium, new deal: join commissioners Pascal Lamy and Poul Nielson for an on-line chat, 2 april European Commissioners Pascal Lamy (Trade) and Poul Nielson (Development and Humanitarian Aid) will hold a joint on-line chat on Monday 2 April 2001 between 6pm and 8pm Central European Time. As Brussels prepares to host the Third United Nations Conference on Least Developed Countries on 14-20 May, it's time to work out how to launch an Action Programme for those 49 countries. International support is vital to assist the efforts of the Least Developed Countries themselves in combating poverty and finding peace amid conflicts.What form should that support take? What is the role of overseas development aid? What should the role of trade be alongside aid? How can we achieve a new World Trade Organisation round that works for all 140 WTO members? What should the priorities for its agenda be?Join Commissioners Lamy and Nielson live for an on-line chat with YOUR views and questions on these issues. Time: 1800-2000 Central European Time Date: 2 April 2001 Languages: The chat will be conducted in Danish, English and French. You can also put questions in German or Spanish, but answers will be given in English. You can send short questions (maximum 256 characters) to:
  • [05] Maritime accidents: how long European Union will suffer from oil spills? Following the new maritime accident in the Baltic sea, which resulted in a new oil spill presently threatening the Danish coasts, Loyola de Palacio, European Commission Vice-President in charge of transport, expressed her deep concern over the repetition of accidents in the European waters, putting a serious threat to the marine environment and the European coastline. She declared: "After one more tragic tanker accident polluting the coast of a Member State, I would like to stress again the high priority of the Commission proposals improving maritime safety, which should be implemented as soon as possible." She added: "I think that, among others, our proposal on the establishment of a Community monitoring, control and information system for maritime traffic, could have helped to avoid accidents like this one. I wish that both European Parliament and the Council can progress rapidly on the two sets of measures presented by the Commission since the Erika's accident, in order to show to our citizens the capacity of reaction of the European Union against future catastrophes of this type."
  • [06] EU/Korea agreement enters into force on 1st April (embargo 1st April 00h00) Chris Patten, European Commissioner for External Relations today welcomed the entry into force of the Framework Agreement for Trade and Co-operation between the EU and the Republic of Korea: "It's taken five long years to ratify this agreement but I am very pleased that the EU and Korea's relationship is now established on a firm legal footing. In the meantime, Korea has become an increasingly important partner for the EU. It is Europe's third largest export market in Asia, and Europe is the largest investor in Korea. The agreement strengthens the scope for political dialogue at an exciting time for the Korean Peninsula. President Kim Dae Jung has played an inspirational role in the search for peace and stability in the North East Asia region, and the EU strongly supports his engagement policy, as the Stockholm European Council demonstrated".
  • [07] European Commission issues working paper on Sustainable Development The European Commission has issued a consultation paper setting out some initial views on the challenges and opportunities of sustainable development. The second stage of the process will be the preparation of a Commission's proposal for a Sustainable Development Strategy for the Gothenburg European Council in June.
  • [08] La Commission autorise la création d'une entreprise commune entre Thales et Raytheon La Commission européenne a approuvé la proposition de création d'une entreprise commune entre la société française Thales (dénommée précédemment Thomson-CSF) et la société Raytheon Co. basée aux États Unis. L'entreprise commune combinera les activités respectives de Thales et de Raytheon dans le domaine des systèmes de défense aérienne, qui comportent des systèmes de contrôle des opérations aériennes, des systèmes de surveillance des champs de bataille et des radars pour la détection d'armes. Compte tenu de la présence d'autres concurrents importants et expérimentés, la Commission a conclu que l'opération ne poserait pas de problèmes de concurrence dans ces secteurs. Autre matériel diffusé
  • [09] Calendrier du 2 au 6 avril 2001
  • [10] Proposed Directive on financial collateral arrangements - frequently asked questions
  • [11] Discours de M. Franz Fischler " Trends in Agricultural Policy: opportunities for a closer Transatlantic relationship"
  • [12] EU Republic of Korea relations
  • [13] Programme de Mme Margot Wallström à Washington


    From EUROPA, the European Commission Server at
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    Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article
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