Luxembourg

EU Summit - “It wasn't easy,” says Bettel

Luxembourg Prime Minister Xavier Bettel took to Twitter on Friday to comment that he was happy about the outcome of the EU Summit, but that “it wasn't easy.”

20.12.2013

(CS) Luxembourg Prime Minister Xavier Bettel took to Twitter on Friday to comment that he was happy about the outcome of the EU Summit, but that “it wasn't easy.”

EU leaders on Friday decided to accept objections made by Luxembourg and Austria over the Savings Tax Directive. Both countries had called for negotiations with EU partner countries before being willing to accept the directive, which would require banks to automatically exchange information on the savings of non-residents with tax authorities in other countries.