EU leaders meet on stimulus plan

European Union leaders meeting in Brussels have approved a 200 billion pound or US$267 billion stimulus plan for the 27-nation bloc.



Talks on the pact, had exposed differences between Britain and Germany.



The pact draws on existing national packages and provides support for sectors including construction and motors.



Britain and Germany softened their positions on the second day of a two-day summit.



The package agreed today represents 1.5 percent of the EU\'s total gross domestic product.



It means member states will follow Britain\'s lead in cutting taxes and boosting public spending to combat recession.



Tensions between London and Berlin grew when German Finance Minister Peer Steinbruck last month criticised measures unveiled by the UK\'s Labour government.