Economic policy will be the focus of the June European Council, while foreign policy, enlargement and other international issues are also on the agenda.
President Barroso will outline his vision for a banking union for the European Union. This will help to protect taxpayers’ money and ensure the same level of supervision for all EU banks. Together with ideas to deliver stronger budgetary discipline through a fiscal union, these measures aim to restore confidence in a modernised Economic and Monetary Union.
EU heads of state or government will conclude the first phase of the 2012 European Semester, the six month cycle of economic policy coordination. They will endorse the country-specific recommendations prepared by the Commission that provide guidance for member states implementing national decisions on budgets, structural reforms and employment policies.
The European Council will take stock of the implementation of the "EU growth agenda", with a particular emphasis on youth employment. Furthermore, it will review progress and discuss how the Union can deepen its trade and investment relationships with key partners.
EU heads of state or government will also have their first substantial discussion on the Multiannual Financial Framework (2014-2020).
Finally, the European Council is expected to examine the question of opening accession negotiations with Montenegro, following the 26 June General Affairs Council.