Greek ministry says EMU entry is nearly certain

Article Abstract:

The finance minister of Greece, Yannos Papantoniou, said that his country's entrance into the European Union (EU) in the year 2001 is all but assured. However, Mr. Papantoniou added that Greece still has to focus on the inflation criterion. In September 1999, inflation stayed constant at 2% in spite of the prediction that the rate would drop. In order to qualify for the euro, Greece must keep its yearly average inflation rate lower than 2%.

Greece, European Union

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EU softens stance on ban of 'hush kits'

Article Abstract:

Transport ministers from European Union nations have shown signs of willingness to postpone a ban on airplanes fitted with mufflers called 'hush kits.' The ban was to have taken effect in 2002, and would limit the the use of muffled aircraft not registered for use within the EU before April 1, 1999. The US has threatened to take the case to the World Trade Organization, saying it would cost US businesses $1 billion.

Aircraft, Aircraft Manufacturing, Import Regulations, Aircraft industry

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EU Commission approves trade pact with Mexico

Article Abstract:

The European Commission gave its approval to a free-trade deal between European Union member states and Mexico. The deal will reduce tariffs between the two partners by 95%.

Mexico, European Union. European Commission

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