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EU SCRAMBLES

Published 06/23/2012 12:00 AM
Updated 06/23/2012 12:08 AM

Consensus: The leaders of France, Germany, Italy and Spain agreed to push for a growth package worth up to €130 billion at a summit next week aimed at stimulating the economy and preserving the currency bloc.

Few details: President Francois Hollande of France, German Chancellor Angela Merkel, Spanish Prime Minister Mariano Rajoy and Italian Premier Mario Monti provided few details beyond agreement on pursuing a financial transaction tax that Germany wants.

A thaw? Germany's Merkel acknowledged that austerity alone won't cure the euro's woes. She has come under increasing pressure to give ground on key pro-growth measures.

- The Associated Press

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