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FarCenter

(19,429 posts)
Sun May 20, 2012, 09:35 AM May 2012

G8 leaders back Greece amid tensions

AFP - G8 leaders said they want debt-stricken Greece to stay in the eurozone at a Camp David summit as the group papered over deep-seated divisions about how best to tackle the eurozone crisis.

With the future of Europe's currency union in doubt, leaders of the world's largest economies called on Greece on Saturday to stick to the terms of a massive EU-IMF cash-for-reforms bailout, which is hanging by a thread.

"We agree on the importance of a strong and cohesive eurozone for global stability and recovery," a final G8 joint communique stated. "We affirm our interest in Greece remaining in the eurozone while respecting its commitments."

May 6 polls saw Greek anti-austerity parties on top, casting doubt on Athens' commitment to reforms and raising the question for its partners of whether to ease up on austerity or turn off the bailout spigot.

http://www.france24.com/en/20120520-g8-leaders-back-greece-amid-tensions

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