When European Commissioner for Economic and Monetary Affairs Olli Rehn presents the European Union's spring forecast for the bloc's economy on Friday, one word will be a leitmotif during his speech: growth. Once a favorite buzzword of eurocrats, it is now back in fashion these days. Even prior to François Hollande's victory in the presidential election in France, growth had been on the Brussels agenda. Now, it is near the top. European Council President Herman Van Rompuy has invited the 27 EU leaders to a special summit on growth on May 23. And the plan is to adopt a "growth pact" at the next regular EU summit at the end of June.
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