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6/28/12

Divided EU leaders meeting for 'big leap' summit

A stormy two-day summit kicks off on Thursday (28 June), with EU leaders still at odds over ceding core national powers to Brussels in return for debt-pooling, as well as creating a "banking union" with central supervision and deposit guarantees.

The weather in Brussels is forecast to match the mood of the EU event, which starts at 3pm local time: a stuffy summer's day ending with "violent" thunderstorms.

The less contentious items are piled up in the afternoon: a "growth and jobs" plan of €130 billion, mostly consisting of unused EU money, and a discussion with the head of the European Parliament on the bloc's next budget for 2014-2020.

Read more: EUobserver.com / Institutional Affairs / Divided EU leaders meeting for 'big leap' summit

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