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European leaders agree economic growth package

 French President Francois Hollande, left, welcomes German Chancellor Angela Merkel at the Elysee Palace, Wednesday, June 27, 2012. Germany's Chancell...

France EU Financial Crisis

French President Francois Hollande, left, welcomes German Chancellor Angela Merkel at the Elysee Palace, Wednesday, June 27, 2012. Germany's Chancell...

A top European Union official says national leaders meeting in Brussels have agreed to devote (EURO)120 billion ($149 billion) for "immediate growth measures."
Herman Van Rompuy, president of the European Council, says the 27 heads of state and government would continue their discussion their discussion of how to achieve financial stability into the evening.
Much the (EURO)120 billion is believed to be existing EU funds that are being repackaged. The amount is not large in terms of the size of the economy of the European Union.


Updated : 2021-03-03 20:29 GMT+08:00