ECB expected to raise rates; EU finance ministers push capital markets union (euobserver.com)

• ECB expected to raise rates by 0.25 percentage points on 11 June.
• EU finance ministers discuss Capital Markets Union with centralised supervision.
• EU Commission presents 2027 budget; climate talks and defence meeting held.

"The European Central Bank is expected to hike interest rates on 11 June, the first increase this year. EU finance ministers meet in Luxembourg to advance the Capital Markets Union. The European Commission presents the 2027 EU budget. The UN Bonn Climate Change Conference, informal defence ministerial, transport/telecom meetings, and an EU–South Korea summit also take place this week."