The European Council summit took place on 14 and 15 December 2001 in Laeken. The conference participants unanimously confirmed their readiness to close the accession negotiations before the end of 2002. In Declaration on the Future of the European Union the chiefs of states and heads of governments of the member states established the European Convention. It was also stated that the Convention’s task would be to prepare and lead a discussion on the future of the European Union and organize an Intergovernmental Conference in 2004. During the summit anagreement was reached according to which without institutional reforms the EU would not be able to fully use the enlargement profits. As Joschka Fischer adequately pointed “the enlargement process is a suitable opportunity for carrying out the reforms”.