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A proposal by European Council President Herman Van Rompuy to fight tax evasion, heralded in draft conclusions to today’s EU summit, will seek to maintain momentum on the EU savings directive by asking leaders to agree the initiative by the end of the year.

EU ministers are pressing to conclude negotiations on the EU’s 2014-2020 budget before the term of the Irish presidency ends in June.

European lawmakers have recommended holding the European elections on 22-25 May 2014, rather than June, to give the new Parliament time to prepare for the European Commission presidency election in July.

EU leaders will meet today to discuss how to lower energy prices and improve industrial competitiveness, at a time when other developed countries are rushing to invest in shale gas.Second issue on the agenda is tax evasion, which every year deprives EU governments of roughly €1 trillion.

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