This WEEK: Leaders to focus on economy at EU summit, in shadow of Russia threat and Middle East turmoil

What happened: EU leaders meet in Brussels for a two-day summit starting Thursday (15 October), with competitiveness and the economy among the top issues, alongside Ukraine, the Middle East, migration, and defence. Key numbers: Gas prices up 140 percent since end of February; imported fossil fuels cost an extra €100bn; G7 released 100m barrels of diesel and crude; "One Europe, Why it matters: Leaked draft conclusions lead with the "One Europe, One Market" proposal, and António Costa hopes for a budget agreement before the end of the year, citing the need for predictability and stability.

EU leaders meet in Brussels for a two-day summit starting Thursday (15 October), with competitiveness and the economy among the top issues, alongside Ukraine, the Middle East, migration, and defence.

Leaked draft conclusions lead with the "One Europe, One Market" proposal, and António Costa hopes for a budget agreement before the end of the year, citing the need for predictability and stability.