Sunday, June 17, 2012

White House Statement on Greece Election

Pro-bailout parties win in Greece, which means austerity for Greeks. On the upside, the win is the best outcome for the world economies, at least for the moment.
We congratulate the Greek people on conducting their election in this difficult time. We hope this election will lead quickly to the formation of a new government that can make timely progress on the economic challenges facing the Greek people. As President Obama and other world leaders have said, we believe that it is in all our interests for Greece to remain in the euro area while respecting its commitment to reform. Going forward, we will engage Greece in the spirit of partnership that has guided our alliance and the friendship between our people.