News Summary: European leaders seek growth package

Published June 22, 2012 6:53pm ET



CONSENSUS: The leaders of France, Germany, Italy and Spain agreed to push for a growth package worth up to €130 billion ($163 billion) at a key European Union 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.

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