At the Euro Summit on 21 June, the 27 leaders of the EU looked at the economic situation together with European Central Bank President Mario Draghi. They also discussed work done by the Eurogroup regarding deepening of the Economic and Monetary Union (EMU), particularly a budgetary instrument for convergence and competitiveness (BICC) for the euro area, changes to the treaty establishing the European Stability Mechanism and ways to strengthen the banking union. During the European Council meeting of 20-21 June, leaders adopted the EU's strategic agenda for 2019-2024, which sets out the priority areas that will steer the work of the European Council and provide guidance for the work programmes of other EU institutions. The European Council also welcomed the work done thus far on the EU budget for 2021-2027, and will hold an exchange of views in October 2019, aiming for an agreement before the end of the year. In the context of the European Semester, the European Council discussed the country-specific recommendations. Leaders also discussed the possible candidates for the top positions in the EU, with the talks resuming at the next summit, on 30 June 2019.