INSIDE
Europe's Rivers Rage The Netherlands faced its greatest natural catastrophe in more than 40 years as flood waters continued to rise. Page A10. Giuliani to Monitor Police Defying the City Council's creation of an independent agency to monitor police corruption, the Mayor said he would create his own panel. Page B3. Airport Rail Plan in Jeopardy Plans to build a 22-mile railway between Manhattan and Queens airports may be abandoned because of rising costs and criticism. Page B1. Coming: the Absolut Bunny? Chiat/Day, the creator of the Energizer bunny, will merge with TBWA, the ad agency that made Absolut a household name for vodka. Page D1.