13/12/2012 - 14/12/2012
Where: Justus Lipsius building, Brussels
Topic: Institutional affairs
Organiser: European Council
The December European Council will focus on economic policy, but is also expected to address defence, enlargement and foreign policy issues.
The heads of state or government are expected to adopt conclusions on the future of the Economic and Monetary Union based on the preparatory work carried out by the European Council's president in close consultation with the presidents of the Commission, the European Central Bank and the Eurogroup.
In accordance with its conclusions of October 2012, the European Council will assess progress made on the single European banking supervision mechanism and other key legislative proposals on the European Banking Authority (EBA), bank resolution, deposit guarantee schemes and the so-called "CRD 4" package on capital requirements for banks and investment firms. If necessary, it will set additional orientations in this respect.
As regards the Compact for Growth and Jobs and in the context of the twentieth anniversary of the Single Market, the European Council will assess progress made on the priority proposals of the Single Market Act I and set further orientations as regards the Single Market Act II.
The European Council will adopt conclusions setting the stage for the preparation of the substantial debate on defence matters that will take place in December 2013. Following the package on enlargement presented by the Commission this autumn, the European Council may, as necessary, give guidance concerning particular accession countries.
Further to the discussions at is October 2012 meeting and in the light of events, the European Council may address specific foreign policy issues.