German Chancellor Angela Merkelsaid European Union leaders will discuss plans to bolster economic growth in the 27-nation bloc at their June summit.

The EU may consider strengthening the European Investment Bank as part of their plans, Merkel was cited as saying in an interview with the Leipziger Volkszeitung newspaper published today. Countries can already use EU structural funds more flexibly to help small and mid-sized businesses, she said.

Merkel rejected providing new government stimulus to foster growth, saying that policies must focus on creating jobs and improving competitiveness, according to the newspaper.

She also ruled out reopening negotiations on the fiscal pact signed by 25 EU leaders as sought by French Socialist presidential candidate Francois Hollande.