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22.06.12

The leaders of the biggest countries in the Eurozone have agreed to push for a growth package worth up to €130 billion at a key European Union summit next week.

Italian Prime Minister Mario Monti hosted a meeting of the French, German and Spanish leaders in Rome to discuss what has been described as an "indispensible" relaunch of growth.

The package aims to kick start the Eurozone economy and safeguard the currency bloc.

The leaders, however, provided few concrete details beyond agreement on pursuing a financial transaction tax — something that Germany has championed.