European Union member states have been asked to specify a realistic volume of revenue to be raised by new Europe-wide taxes, and to outline which adjustments are needed, as Ireland's EU Council presidency irons out a new compromise for the bloc's budget.
The thorny issue of creating fresh EU taxes, known as own resources, to finance the next long-term budget was on the table at a meeting of European ambassadors on Tuesday, with the Irish presidency testing the ground for a new compromise package.
