Summary Box: Merkel praises Spain reform drive

Associated Press
German Chancellor Angela Merkel, left, welcomes Spain Prime Minister Mariano Rajoy, center,  for talks at the chancellery in Berlin, Germany, Thursday, Jan. 26, 2012. (AP Photo/Markus Schreiber)

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SPURRING GROWTH: Chancellor Angela Merkel said Germany will be flexible about how existing European Union funds can stoke growth, and she praised Spain's efforts to cut its deficit and unemployment.

SPAIN'S NEW CONSERVATIVES: Spain is of special concern because it could be too big for the Eurozone to contain if defaults. Spanish Prime Minister Mariano Rajoy, who took office last month, set out his reforming credentials at a meeting Thursday in Berlin.

MORE TALK: At an EU summit set Monday, leaders plan to address ways of stimulating growth and employment. Merkel also hopes to settle a policy on budget discipline.

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