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EU, ECB to discuss economic affairs, UK referendum

Xinhua, June 14, 2016 Adjust font size:

European Commission President Jean-Claude Juncker and Mario Draghi, president of the European Central Bank, are set to hold a meeting late Monday to discuss the bloc's economic affairs and the Brexit referendum.

The two presidents are to discuss deepening the EU's monetary union, said Mina Andreeva, a spokesperson at the Commission, the executive arm of the European Union (EU).

On the agenda are "other developments we might see in the weeks to come," Andreeva told a regular press briefing, signalling the referendum on Britain's EU membership as one of main topics.

Heads of EU institutions have met frequently in recent weeks to assess possible outcomes of the UK referendum. At Monday's meeting, Juncker and Draghi might discuss its economic impact, media reported.

The EU aims to complete its Economic and Monetary Union (EMU) by 2025 at the latest. The EMU represents a major step in the bloc's economic integration, which involves coordinating economic and fiscal policies, a common monetary policy, and a single currency.

Experts cautioned the bloc's economy was in a period of great uncertainty ahead of the UK referendum on June 23, when Britons will vote whether to leave the 28-country bloc or stay in the union. Endit