A parliamentary committee urged the French government on Tuesday to introduce sweeping reforms at the country’s powerful national postal service. In a report, the committee said possible reforms could include La Poste spinning off its banking activities.
Read MoreNo decision had been taken by the end of a ministerial meeting on Thursday on the future of the Belgian post office (La Poste). The financial report is expected to highlight the under-capitalisation of all the post office’s subsidiaries, with the exception of Banque de la Poste.
Read MoreThe operating profit of Belgian postal company La Poste has nose-dived by 85 per cent from 134m euros in 1999 to 20m euros in 2001.
Read MoreFrench banks Caisse des depots et consignations (F.CDC) and Caisse d’Epargne (F.CCE) promised to forge closer ties with La Poste (F.PST) Tuesday, but said bringing France’s national post office into their two-way alliance was impossible for the time being.
Read MoreThe Belgian postal service (La Poste) has reviewed its policy with regard to changing Belgian francs into euros because of new legislation passed on November 29. The law obliges the post office, as well as the Banque Nationale de Belgique’s nine centres, to make exchanges free of charge until the end of 2004
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