Euro’s big four agree growth boost, split on bonds
ROME (Reuters) – German Chancellor Angela Merkel resisted pressure on Friday for common euro zone bonds or a more flexible use of Europe’s rescue funds but agreed with leaders of France, Italy and Spain on a 130 billion euros ($156 billion) package to revive growth. After four-way talks in Rome’s Renaissance Villa Madama, Italian Prime Minister Mario Monti said the European Union should adopt pro-growth measures worth about 1 percent of the region’s gross domestic product at a crucial summit next week. . . .
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