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Over 1.8 million more people become jobless in eurozone

Last Updated: Monday, July 2, 2012, 23:10

Mirroring the region's economic turbulence, a staggering 1.8 million people became jobless in the debt-laden eurozone in one year since May 2011, according to the latest official data.

EU leaders agree on 120 bn euro growth initiatives

Last Updated: Friday, June 29, 2012, 13:10

European Union (EU) top leaders have agreed on a package of growth initiatives worth 120 billion euros (about USD 150 billion) to help the most vulnerable economies in the bloc, European Council President Herman Van Rompuy said during a two-day summit in Brussels to tackle the debt crisis.