Euro leaders push for growth boost

The leaders of France, Germany, Italy and Spain have agreed to push for a 130 billion euro (£105 billion) growth package at a key European Union summit next week.

The leaders of France, Germany, Italy and Spain have agreed to push for a €130bn growth package at a key European Union summit next week.

Italian Premier Mario Monti told a news conference after the four-way summit in Rome that the leaders recognise that steps taken so far have not been sufficient.

He said both markets and EU citizens need to view the euro as “irreversible.”

French leader Francoise Hollande added that the leaders had agreed on the need for a financial transaction tax.