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World leaders pleased with election results in Greece

Posted By: Newstalk 1010 · 6/18/2012 2:00:00 AM

G20 summit leaders are breathing easier after a political party that favours staying in the eurozone came in first in Greece's national elections.
   
Prime Minister Harper and his fellow G-20 leaders are meeting in the Mexican desert resort of Los Cabos.
   
The outcome of yesterday's vote in Greece had threatened to send shockwaves through financial markets and overtake the summit.
   
That would've been the case had the election been won by factions that want to scrap unpopular austerity measures that were a condition of two multi-billion euro bailouts Greece has received.
   
A win by a pro-bailout party means Greece will stay in the eurozone for the time being, but Europe's financial woes are still expected to dominate the two-day summit.
   
Meanwhile, there's growing speculation Canada will be allowed to join talks on a proposed Trans-Pacific Partnership.
   
Harper could have an announcement before he returns home Tuesday.
   
Before the summit officially opens this afternoon, Harper will meet this morning with South Korean President Lee Myung-Bak, then British Prime Minister David Cameron and then Australian Prime Minister Julia Gillard.

(The Canadian Press)

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