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Brussels Edition: Euro Ambitions

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EU Rejects May's Plea for Help

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.

After a year of negotiations, grand ambitions and painful trade-offs, it’s finally here. EU leaders will today sign off on the long-anticipated deal to reform the euro area. Finance ministers agreed on the key issues at marathon talks earlier this month, meaning their bosses’ discussions will probably be less contentious. Still, wording on working toward a euro-zone budget and a decision on whether to mention risk reduction and risk sharing across the bloc’s banks could be points of friction.