Report: France seeks 120 bln EU package

France wants the European Union to agree before the end of 2012 on growth-boosting measures worth 120 billion Euros, the weekly Journal du Dimanche said on Sunday, citing a proposal circulated by France ahead of an end-June summit.

The newspaper also reported that France has accepted Germany's rejection of its call to issue mutualised debt in the euro bloc and now agreed that so-called euro bonds were a project to be looked at over a 10-year time frame. (Reuters)