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European Commission Spokesman's Briefing for 97-06-10

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

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

MIDDAY EXPRESS

News from the Spokesman's midday briefing

Nouvelles du rendez-vous de midi du Porte-Paroleb

10/06/97


CONTENTS / CONTENU

  • [01] Business and consumer surveys: the economic climate continued to improve in the European Union
  • [02] Commission authorises the acquisition of AST by Samsung but considers imposing a fine for late filing
  • [03] Aide humanitaire: nouvelles en bref - Cambodge, Burkina Faso, Tchad, Guinée Bissau
  • [04] Padraig Flynn reaffirms EU's commitment to core labour rights

  • [01] Business and consumer surveys: the economic climate continued to improve in the European Union

    In May, the economic sentiment indicator improved in all member countries of the European Union for which data were available, except in Denmark and Italy. According to the results of business and consumer surveys carried out by the European Commission, the improvement of the climate was due to increasing industrial confidence and higher share prices. Export orders again boosted industrial confidence. The confidence indicators for construction, consumer and retail trade all remained constant.

    [02] Commission authorises the acquisition of AST by Samsung but considers imposing a fine for late filing

    The European Commission has cleared a concentration by which the Korean company Samsung Electronics Co., Ltd (Samsung) acquires control of the whole of the California based, US company, AST Research, Inc. (AST) by way of public bid. The business being acquired includes the manufacture and sale of personal computers. In this market AST and Samsung's sales in the European are small (below 5%) and there will be virtually no overlap resulting from the proposed operation.

    [03] Aide humanitaire: nouvelles en bref - Cambodge, Burkina Faso, Tchad, Guinée Bissau

    La Commission européenne a approuvé des projets d'aide humanitaire pour les pays suivants : le Cambodge (400.000 Ecus destinés aux victimes des mines terrestres); le Burkina Faso (470.000 Ecus pour lutter contre la méningite); la Guinée Bissau (60.000 Ecus d'aide alimentaire) et le Tchad (270.000 Ecus d'aide alimentaire). Ces aides permettront aux organisations de la Croix-Rouge et des Nations-unies ainsi qu'à des organisations non gouvernementales de mener à bien les projets sur le terrain.

    [04] Padraig Flynn reaffirms EU's commitment to core labour rights

    Speaking today in Geneva to the International Labour Conference, Employment and Social Affairs Commissioner Padraig Flynn said that the European Union's (EU) interest in the question of core labour rights (freedom of association and collective bargaining, prohibition of forced labour and child labour and non-discrimination) is based on the principles of solidarity, social cohesion and respect for fundamental rights which form the very bedrock of the EU. He said: "We do not ask countries at different stages of development, or with different social structures, to align their policies with those of the EU. We do not demand that countries with lower productivity adjust their wages and working conditions to our levels. Wages must be decided in accordance with economic reality. The EU, while having, on average, higher wages than most other countries, still has a trade surplus thanks to better labour productivity. What we seek is a guarantee that fundamental freedoms will be respected - as higher living and working standards will flow from this."

    MIDDAY EXPRESS


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


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