TOKYO (MNI) – The finance ministers from the Group of Seven major
industrial nations repeated Monday that it is in all their interests for
Greece to remain in the euro area following Sunday’s parliamentary
elections in the debt-ridden country.

The conservative New Democracy party, which supports fiscal
austerity measures in exchange for Greek bailout funds, won a narrow
victory over radical leftist party Syriza.

New Democracy is expected to get 129 out of the 300 parliamentary
seats and could easily form a coalition government with the Socialist
party, Pasok, which also supports the austerity agenda.

The complete G7 statement follows:

“Taking note of the Greek elections, we look forward to working
with the next government of Greece, and believe that it is in all our
interests for Greece to remain in the Euro area while respecting its
commitments.

“We welcome the commitment of the euro area to work in partnership
with the next Greek government to ensure they remain on the path to
reform and sustainability within the Euro area.”

tokyo@marketnews.com
** MNI Tokyo Newsroom: 81-3-5403-4833 **

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