Bloomberg News

Merkel Says She Backs 1% of Euro-Area GDP for Growth Pact

June 22, 2012

German Chancellor Angela Merkel said she backed calls by European leaders for a growth pact of 1 percent of the euro area’s gross domestic product. This would be a “good sign,” Merkel told reporters at a news conference today in Rome with French President Francois Hollande, Spanish Prime Minister Mariano Rajoy and Italian Prime Minister Mario Monti.

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