EU Summit wrap-up: Crafting responses on energy, taxation

EU leaders met on 22 May 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 was tax evasion, which every year deprives EU governments of roughly €1 trillion.

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Ministers reach deal to top up EU’s 2013 budget

European Union finance ministers approved a €7.3-billion increase in the bloc's spending for 2013 on Tuesday (14 May), as part of a deal to unblock talks on the EU's next long-term budget.