During the European Council meeting of June 27-28, heads of the member states will focus on youth unemployment, returning later, likely in October, to discissions on deeping monetary and banking union.

EU finance ministers met for the fifth time in six days on the eve of the meeting, in hopes of striking an agreement on distributing losses of insolvent banks. Up until now, they have been unable to strike common ground on the degree of flexibility that would be left to national authorities in determining rescue plans.

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