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The Boston Globe

Business

Leaders of Spain, Italy push shift to growth

MADRID — The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move they hope will reduce high youth unemployment and speed up a banking reform effort aimed at stabilizing Europe’s financial system.

After meeting with Spain’s prime minister, Mariano Rajoy, the premier of Italy, Enrico Letta, warned that inaction could prompt rising anti-Europe sentiment among voters across the continent, resulting in political punishment for leaders who support the 17 nations that use the euro currency.

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