Share this story...
Latest News

Obama calls Greek elections ‘positive’

LOS CABOS, Mexico (AP) – President Barack Obama says weekend elections in Greece indicate “positive” prospects for a new government there that will cooperate with Europe.

However, Obama says Europe’s economic woes remain a concern for world leaders. He says the world economy must grow without protectionism.

Obama spoke alongside Mexican President Felipe Calderon, who is hosting the G-20 economic summit. The European economic crisis is expected to dominate much of the discussion there.

Greece’s conservative New Democracy party came in first in the critical weekend elections and pro-bailout parties won enough seats to form a joint government. The results calmed fears of an imminent Greek exit from the Eurozone.

A Greek exit would have had potentially catastrophic consequences for other ailing European nations, the U.S. and the entire global economy.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)