G20 press for immediate government formation

Political and economic factors greeted with relief and positive comments the result of the Greek elections and the apparent formation of a government with a "European commitment."....

 

Political and economic factors greeted with relief and positive comments the result of the Greek elections and the apparent formation of a government with a "European commitment."

 

Moreover, their statements are pushing in this direction, the most characteristic being that of U.S. president Barack Obama, who said that "the result of the Greek elections is a positive prospect for resolving the crisis."

 

The result of the Greek elections was at the center of the international press, politicians and non-politicians, and became one of the major issues at the G20 summit.

 

It is indicative that the 20 most powerful countries spoke ​​directly of the need f iormmediate government formation in Greece. Specifically, the draft conclusions stress that members of the group "are hoping that the Eurozone will work harmoniously with the new Greek government to ensure that they remain on the path of reform and sustainability within the euro."

 

They also note that "Europe will agree to take all necessary steps to preserve an intact and stable Eurozone."

 

From the same podium in Los Campos, Mexico, on Tuesday night, European Commission president Jose Manuel Barroso said the leaders in Europe are willing to help Greece as long as it honors its commitments, and that there will be steps taken towards reaching the target of a banking union in the Eurozone.

 

European Council president Herman Van Rompuy moved along the same lines. He said the member-states of the Eurozone will be even more determined after the choice of the Greek people, who proved, as he said, that Greece wants to stay in the Eurozone. "We are optimistic that the new government will pick up the adjustment program promised by the Greek authorities," Rompuy added.

 

However in his statements on German television, Eurogroup president Jean-Claude Juncker basically said "no" to radical changes in the memorandum. He said that Greece's European partners may agree to some concessions on austerity measures and reforms under the second loan package but cannot accept radical changes in the memorandum. "We would be sending the wrong message if we made concessions without serious reasons," Juncker said.

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