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European Commission Spokesman's Briefing for 96-06-04

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

From: News Distribution Manager <dist@hri.org>

MIDDAY EXPRESS

News from the Spokesman's midday briefing

Nouvelles du rendez-vous de midi du Porte-Paroleb

04 / 06 / 1996


CONTENTS / CONTENU

  • [01] Ecofin Council 3 June 1996 - "On the spot checks" to combat fraud
  • [02] Payment systems: Commission proposes directive to reduce risks
  • [03] La Commission européenne appuie le renouveau urbain dans quinze quartiers de Lyon-Est
  • [04] The Commission authorizes the creation of a joint venture between Emerson and Caterpillar in the diesel genset sector
  • [05] Europe sets sail to monitor the European drift-net and Albacore fleet
  • [06] Economic and financial situation in Ireland
  • [07] Neil Kinnock urges greater action in preparation for enlargement

  • [01] Ecofin Council 3 June 1996 - "On the spot checks" to combat fraud

    The Ecofin Council yesterday agreed in principle on a Regulation reinforcing controls and on the spot checks to combat fraud on the European Union budget in the entire Union. This Regulation for the first time lays down the specific conditions under which the Commission may perform control and how it should cooperate with Member States. It also sets out clearly how the investigative reports may be used as proof in legal proceedings in Member States. "This is very important instrument in our continued fight against fraud with the European tax payers money", said Commissioner Anita Gradin, responsible for the fight against fraud.

    [02] Payment systems: Commission proposes directive to reduce risks

    A proposal for a Directive aimed at reducing 'systemic risk' in payment systems has been put forward by the European Commission. Systemic risk in this context means the risk that the bankruptcy or failure of one participant in a payment system will have 'knock-on' effects leading to the bankruptcy of other participants. The proposal sets out rules for both domestic and cross-border payment systems as regards settlement finality (definition of when a payment order becomes final) and collateral security (the guarantees lodged by payment system participants in case they are unable to meet their obligations), thus providing a minimum legal framework for payment systems in the EU.

    [03] La Commission européenne appuie le renouveau urbain dans quinze quartiers de Lyon-Est

    La Commission européenne a accordé une aide de 7 millions d'Ecus dont 6,4 millions d'Ecus du Fonds Européen de Développement Régional (FEDER) et 0,6 million d'Ecus du Fonds Social Européen (FSE) pour la revitalisation économique des quartiers périphériques en difficulté de Lyon-Est. Cette aide s'inscrit dans le cadre de l'Initiative Communautaire URBAN et s'ajoute aux financements publics nationaux (17 millions d'Ecus) et aux financements privés (2,6 millions d'Ecus). Il s'agit d'engager une revitalisation de l'activité commerciale, de stimuler la création d'entreprises et de rétablir un climat de sécurité : près de 200 commerces devraient être maintenus ou créés, 400 projets par an suivis et renforcés, 300 emplois pourraient être créés en liaison avec les entreprises locales.

    [04] The Commission authorizes the creation of a joint venture between Emerson and Caterpillar in the diesel genset sector

    The Commission has approved an operation by which Caterpillar Inc. will acquire joint control of the undertaking F.G. Wilson (engineering) Limited (FGW) which was prior to the notified operation a wholly owned subsidiary of Emerson Electric Co. Both parents, Emerson and Caterpillar are large US corporation which manufacture a wide range of electrical and mechanical products and components marketed worldwide.

    [05] Europe sets sail to monitor the European drift-net and Albacore fleet

    The European Commission chartered the fishing patrol vessel "Northern Desire" for a period of four and a half months, starting mid-May and finishing at the end of September, in order to serve as an inspection platform for monitoring the drift-net fishery in the Mediterranean as well as albacore campaign in international waters of the North East Atlantic. This is the second time the Commission has chartered a vessel for this purpose. On 16th May 1996, the "Northern Desire" left the port of Cagliari (Italy), patrolled the international waters around Sardinia and the Balearic Islands and is currently sailing in international waters in the Aegean sea.

    [06] Economic and financial situation in Ireland

    The Commission's Directorate-General for Economic and Financial Affairs has just released a study on "The Economic and Financial Situation in the Ireland" which was recently discussed in the Economic Policy Committee of the European Community. The discussion by the EPC of country studies prepared by the Commission services is part of the overall process of the multilateral surveillance in the European Union.

    [07] Neil Kinnock urges greater action in preparation for enlargement

    Transport Commissioner Neil Kinnock told the European Parliament today: "The Commission will do all in its power to convince Member States of the urgent need to begin wide-ranging negotiations with the countries of Central and Eastern Europe on market liberalisation in all transport modes. At present, "my real enthusiasm for the objective of enlargement must be tempered by some concern that we are not yet sufficiently far advanced in preparing the process to ensure that it is a success."

    MIDDAY EXPRESS


    From EUROPA, the European Commission Server at http://www.cec.lu/
    © ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996


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