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European Commission Spokesman's Briefing for 00-06-27

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 Service Presse et Communicationb

27/06/2000


CONTENTS / CONTENU

  • [01] Grâce à la recherche financée par l'UE, fini le vin au goût de bouchon
  • [02] Kosovo, Serbia, Montenegro : Commission approves humanitarian aid worth euro 61 million
  • [03] Frits Bolkestein calls for closer cooperation between market operators and market regulators in the financial services sector

  • [01] Grâce à la recherche financée par l'UE, fini le vin au goût de bouchon

    Les vins "bouchonnés" appartiendront bientôt au passé grâce à la recherche européenne. Des PME d'Allemagne, du Portugal et d'Espagne ainsi qu'un institut de recherche allemand ont mis au point une technique empêchant la réaction chimique du bouchon au contenu de la bouteille. Chaque année, une quantité de vin d'une valeur de 500 millions d'euros est perdue à cause d'une contamination chimique ou microbienne provenant des bouchons. Une nouvelle technique de production brevetée, qui utilise des micro-ondes pénétrant dans le bouchon, a réussi là où les traitements classiques avaient jusqu'ici échoué. Les firmes ont reçu des fonds communautaires du programme CRAFT pour développer ce projet.

    [02] Kosovo, Serbia, Montenegro : Commission approves humanitarian aid worth euro 61 million

    The European Commission has approved funding for humanitarian aid worth euro 61 million in Kosovo, Serbia and Montenegro. Managed by ECHO, the Commission Humanitarian Aid Office, the aid will enable UN agencies, the Red Cross movement and non-governmental agencies to carry out projects. The United Nations High Commissioner for Refugees (UNHCR) is ECHO's main partner in the region. The objective is to continue covering the most urgent needs throughout the Federal Republic of Yugoslavia, including Kosovo. The funding is divided as follows : Kosovo approximately euro 18.1 million ; Serbia euro 31.9 million ; Montenegro euro 5.3 million. There is a contingency reserve of euro 5.7 million. Prior Commission decisions to date for those affected by the Kosovo crisis amount to euro 378 million.

    [03] Frits Bolkestein calls for closer cooperation between market operators and market regulators in the financial services sector

    (! embargo 2 pm !) The European Commissioner for Internal Market Frits Bolkestein said today that the European Union needs a leaner regulatory apparatus to keep pace with the fast-moving financial world. He told the London Foreign Banks and Securities Houses Association : "There needs to be much closer co-operation between those charged with the day to day implementation of the rules and with the regulation and supervision of markets. The need for this is even greater with pan-European alliances". He added : "But we cannot simply work at getting policies right within the EU ; we have to work with our trading partners to get the right policies for the world economic system. Markets are integrating not just within Europe but wide, regulators cannot stay behind on this". In this context, the Commissioner expressed concern that the US Federal Reserve Boards has taken an overly rigid approach to foreign banks that "clearly puts them at an unfair competitive disadvantage" and said : "we shall be pressing at the highest political levels to get this resolved. We all want to see free trade, and not unfair results or distorted market access."

    MIDDAY EXPRESS


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


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