The European Council held an in depth discussion on the situation in Ukraine. It adopted a strong message of support to Ukraine and agreed on a number of concrete measures in that respect.
The spring European Council concluded that this year member states' national reform programmes and the stability and convergence programmes should address the issues identified in 2013 country-specific recommendations as well as in the Commission's recent analysis of macroeconomic and fiscal imbalances, including its in-depth reviews in a number of member states.
The European Council also concluded that the Council will adopt the amended directive on taxation of savings income at its next meeting in March 2014, which will enable the member states to better clamp down on tax fraud and tax evasion. The Council is also expected to adopt a directive on administrative cooperation (which will allow for automatic exchange of information on other income types) by the end of 2014.
Banking union: single resolution mechanism
The European Council congratulated the negotiators of the European Parliament and the Council on the agreement reached on the single resolution mechanism regulation.
During the working session on industrial competitiveness, EU leaders highlighted the need for Europe to develop its industrial base, in terms of both production and investment. To achieve this, they stressed the importance of a stable, simple and predictable regulatory environment and agreed that industrial competitiveness concerns should be mainstreamed across all policy areas.
Climate and energy
EU leaders held a first policy debate on a framework for climate and energy policies in the period from 2020 to 2030 and agreed on the way forward. They also discussed ways to reduce Europe's energy dependency.