EU moves closer to banking union

Last night EU finance ministers moved closer to agreeing the elements of a eurozone banking union with a single, central supervising body, paving the way for the summit to agree the timetable for introducing the "single supervisory mechanism".

The report prepared for EU leaders also looks at even greater eurozone fiscal integration, with co-ordination of national budget decisions and economic policies, probably after 2014.

Draft summit conclusions also emphasise the need to help the search for jobs and growth by reinforcing the European single market - the one key EU element David Cameron insists must be preserved in any new settlement negotiated between the UK and the rest of the EU.

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EU leaders reject Syria move

Prime Minister David Cameron has told ITV News Europe Editor James Mates that EU leaders did not discuss military intervention in Syria during the EU summit.