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Speaking to reporters after an early morning treadmill workout with Mr. Obama at the Camp David gym, British Prime Minister David Cameron said he felt compelled by a “growing sense of urgency that action needs to be taken” on the eurozone crisis.

“Contingency plans need to be put in place and the strengthening of banks, governance, firewalls – all of those thing need to take place very fast,” he said.

Newly elected French President Francois Hollande, who had his first private meeting with Mr. Obama on Friday, suggested using collective eurozone funds for a bailout for Spain’s banks, an action that would significantly accelerate Europe rescue efforts.

The Italian press reported that Italian Prime Minister Mario Monti is pushing a plan to create a Europe-wide system of bank deposit insurance.

But so far, Germany Chancellor Angela Merkel, who presides over the eurozone’s largest economy, has resisted any type of government efforts to stimulate the economy with infusions of cash, preferring to stick to a policy of fiscal belt-tightening.

After the meeting, Mr. Froman said “a number of leaders” talked about ideas they could pursue to increase economic growth, including investing in infrastructure projects or “having the European bank invest in infrastructure.”

The meeting marked the first time Mrs. Merkel, Mr. Hollande and Mr. Monti had all met together since the socialist French president ousted former President Nicolas Sarkozy in the May 6 elections. White House officials said Mr. Obama planned to meet privately with Mrs. Merkel Saturday evening after the conclusion of the summit.

“In some respects, these leaders are having their first substantive interaction with one another and it helps to set up and build command ground,” Mr. Froman said.

Another White House official, Ben Rhodes, rejected suggestions in the press that Mrs. Merkel was the “odd man out” during the talks and was under pressure to succumb to proposals for government bailouts or stimulus bills.

“I didn’t feel that way at all,” he said. “Nobody was put on the defensive. Nobody felt defensive. They were completely constructive in their comments to one another,” he said.

The eurozone leaders will have their chance to hash out a strategy when they meet for their own summit next week.

Mr. Obama has tried to strike a more balanced approach, reflected in the policies he’s pursued for the United States, emphasizing the need for government spending in certain sectors as well as reining in deficits.

During a G-8 group photo outside the presidential log cabin Saturday afternoon surrounded by verdant woods, Mr. Obama situated himself between the leaders of Europe’s largest countries – Mr. Hollande and Mrs. Merkel.