The Slovak Government fully supports the idea of automatic exchange of information in the sphere of taxation. Nonetheless, there are two countries, Austria and Luxembourg, that don't like the idea. This was one of the topics discussed at the special summit of EU leaders in Brussels on Wednesday.
Moreover, energy was also a topic in the focus of the summit. The leaders have agreed that a common European energy market should be established by 2014. “If this is accomplished, I believe that an interesting reduction in the prices of electricity and other energy sources will come. A common market allows such moves,” stated Slovak Prime Minister Robert Fico. He goes on to say that this is a clear signal that the EU is becoming more and more integrated. “A strong integration can help in this area” claims PM Fico. Brussels is dealing with the topic of energy prices at a time of the enduring economic crises, claiming that these worsen the position of Europe towards its biggest business partners. That is why European leaders are looking for a way to integrate the market with energy and thus lower the prices. On top of an agreement on the common energy market, EU member states representatives agreed that by 2015 they will develop energy interconnections among their individual countries so that no EU member country is isolated from this internal net. The agency Bloomberg advises Europe that in the area of energy policy it should concentrate mainly on its domestic resources.
