EU leaders agree on $150b growth package at summit
By Fu Jing in Brussels | China Daily | Updated: 2012-06-30 08:16
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German Chancellor Angela Merkel talks to European Central Bank President Mario Draghi, left, and Italian Prime Minister Mario Monti before the final day of the European Union leaders' summit in Brussels on Friday. Bertrand Langlois / Agence France-Presse |
European leaders agreed on a growth package of 120 billion euro ($150 billion) to stimulate the economy at their two-day summit, but it seems that the money will not trickle down to businesses as urgently as expected.
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