The leaders of the eurozone's four biggest economies on Friday vowed measures worth up to 130 billion euros ($163 billion) to tackle the bloc's relentless debt crisis, AFP informs.
Meeting for talks in Rome ahead of a crucial EU summit in Brussels next week, the leaders of Germany, France, Italy and Spain looked to soothe global worries with promises to kickstart growth in the bloc's floundering economies.
French President Francois Hollande said the leaders had agreed to mobilise "one percent of European GDP, that is 120 to 130 billion euros, to support growth" -- a move Germany's Angela Merkel hailed as "an important signal".
Italian Prime Minister Mario Monti said the four leaders had agreed that boosting growth in the eurozone was key to restoring confidence.
"The first objective we agree on is to relaunch growth, investments and to create jobs," Monti said at a press conference after the talks.
"The euro is here to stay and we all mean it," he added calling the single currency "irreversible."
Read more: Eurozone big four vow billions to boost growth - FOCUS Information Agency
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