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Hollande, Merkel pledge to seek growth

2012-05-16 10:10

Berlin - German Chancellor Angela Merkel and French President Francois Hollande say they've agreed to discuss ways to generate economic growth in Europe.

Hollande, a Socialist who took office on Tuesday, has criticised Merkel's austerity-led approach to the eurozone debt crisis and called for more growth-based efforts. He called during his election campaign for a renegotiation of a budget-discipline pact which Merkel pushed for the continent.

Hollande said after his first meeting with Merkel on Tuesday that "everything must be put on the table by everyone" that could promote growth.

Asked whether he is still demanding a renegotiation of the fiscal compact, he said he would be able to answer the question "at the end of this work".