Eurozone agrees new growth funds
06:34 Fri Jun 29, 2012
Report by: BBC News
EU leaders have agreed on a growth package for the struggling eurozone, but Italy and Spain want quick action to lower their borrowing costs.
The package, worth 120bn euros (£96bn; $149bn), will especially target the most vulnerable countries.
Germany’s Chancellor Angela Merkel is under pressure to accept some pooling of eurozone debt – a move that could help reassure sceptical lenders.
But she says that could only happen if Brussels had more control over budgets.
Plans for a more integrated eurozone, including a banking union, are being discussed at the Brussels summit.
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