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European Union leaders reach $1.3 trillion budget deal

Last Updated: Saturday, February 09, 2013, 14:02

European Union leaders have reached a deal on 960-billion euro (USD 1.3 trillion) budget for the next seven years, averting a stand-off over 27-nation bloc's future spending.

EU leaders to meet on $41 billion rescue package for Greece

Last Updated: Thursday, October 18, 2012, 13:13

European Union leaders are expected to clear the way for releasing 31.5 billion euro (USD 41 billion) in urgently-needed financial assistance for debt- stricken Greece at their two-day summit which opens in Brussels on Thursday.

EU leaders agree on fiscal pact, ECB douses hopes

Last Updated: Friday, December 09, 2011, 08:39

European Union leaders agreed on new fiscal rules enshrining tougher budget discipline on Thursday, an EU official said, after the European Central Bank doused hopes of dramatic action on its part to arrest the euro area's debt crisis.