(Ahlul Bayt News Agency) – At the Brussels meeting, the 27 EU leaders are expected to reaffirm their determination to defend the single European currency.
Many economists are saying a Greek debt default is inevitable, sooner or later - and that would hit confidence in the euro.
EU Leaders are also discussing a second bail-out package for Greece. Britain's Prime Minister David Cameron, is insisting the UK - which did not contribute directly to the first Greek bail-out package last year – will not be involved in any second rescue package (for Greece) either.
EU Leaders are anxious to see the Greek parliament approve a five-year austerity package of tax increases and spending cuts worth 28 billion euros.
Greece will not get the next instalment of its 110bn-euro bail-out unless it adopts the austerity measures.
EU Leaders are also expected to discuss the issue of Migration.
The key question is whether, following an influx of migrants from North Africa this year, the EU's open borders policy should in exceptional circumstances be suspended.
EU Leaders are also expected to set a date for Croatia's accession to the EU - likely to be in mid or late 2013.
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