French and Spanish leaders: Europe needs to do what it has promised, then growth will return

PARIS – French and Spanish leaders say that the 17-country eurozone has all the tools it needs to solve its debt crisis and just needs to put its promises into action.

President Francois Hollande said that if European leaders resolve questions about the future of the eurozone, growth will bounce back. He pointed specifically to a plan to increase supervision of European banks and one that would allow the European Central Bank to buy the bonds of countries that are struggling with high borrowing costs.

Spanish Prime Minister Mariano Rajoy echoed that sentiment, saying: "We have to show that we're serious people and that we do what we say we're going to do."

The men spoke after a meeting Wednesday at which they also discussed joint infrastructure projects.