Brussels - European Union leaders were close to clinching a deal on the use of 5 billion euros (6.9 billion dollars) in community funds to stimulate the economy after Germany received assurances that the money would be spent by the end of 2010, sources close to the talks said Thursday.
A compromise text by the EU's Czech presidency, seen by Deutsche Presse-Agentur dpa, states that "due to the urgent need for the stimulus, all legal commitments implementing the budgetary commitments ... should be made before the end of 2010."