Angela Merkel banner: Growth

France, Italy, Spain

During their June 22 meeting in Rome, Angela Merkel, François Hollande, Mario Monti, Mariano Rajoy sought to clarify the Growth Pact, which will be finalized at the European Council of 28-29 June. Although they agreed on a financial transactions txt, they failed to reach agreement on strengthening the monetary union or on concrete measures to address the debt crisis.