Economics Europe: EU Summit, Fed Policy, SNB Rate, Berlusconi

WHAT TO WATCH: European finance ministers meet to approve bailout payment to Greece. 9 a.m. The ministers early today moved closer to an agreement on a single euro-area bank supervisor. EU leaders start their two-day summit. The Federal Reserve tied its interest-rate outlook to unemployment and inflation and committed to an even faster expansion of its balance sheet. (See page 2.) Spain will sell 2015, 2017, 2040 bonds. 9.30 a.m. Italy will sell 2015, 2026 bonds. 10 a.m.

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