European leaders push for $163 bln in measures

By Updated at 2012-06-22 16:02:19 +0000


ROME (AP) — The leaders of France, Germany, Italy and Spain have agreed to push for a €130 billion ($163 billion) growth package at a key European Union summit next week.

Italian Premier Mario Monti told a news conference after the four-way summit that the leaders recognize 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.