European Council is being held in Brussels
01.03.2012 EU Heads of State or Government are about to meet at the annual spring summit in Brussels on Thursday and Friday 1-2 March. The economic issues will once more be primary. As part of the “European semester” there will be a discussion on how to ensure consolidation, reforms and growth and employment in the EU.
The European Council will discuss economic policy, taking stock of fiscal consolidation in the member states and of action to boost growth and jobs. It will also discuss latest developments with regard to the euro area.
Starting on Thursday evening, the European Council is expected to elect its president for the period from 1 June 2012 to 30 November 2014.
Over dinner, heads of state and government will discuss economic issues, including in relation to the euro, as well as Serbia's application for EU membership and the enlargement of the Schengen area to Bulgaria and Romania.
Proceedings on Friday will start with the signing of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ("fiscal compact"). The European Council will discuss Syria, as well as broader developments in relation to the Arab Spring, and will take stock of preparations for forthcoming international summits. It will then finalise its conclusions.