Tagged: European Union (EU)

It's official: The conservative New Democracy party that supports keeping Greece in the eurozone is the winner of Sunday's election in that country.

The victory is likely to ease some of the concerns over a potential Greek exit from the eurozone, and the implications of such a move on the fragile global economy.

After the victory, Antonis Samaras, the head of New Democracy, called for pro-euro coalition, one that would likely include the socialist PASOK party, which finished third. The radical left-wing Syriza party, which opposed the bailout, finished second.

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RACHEL MARTIN, HOST:

This is WEEKEND EDITION from NPR News. I'm Rachel Martin.

Leaders of the world's biggest economies gather in Mexico this week for a two-day summit meeting. And while the backdrop is Baja, much of the attention will be on Europe. Economic troubles in the eurozone remain the biggest threat to the global economy though not the only one.

Joining us now to preview the G-20 meeting is NPR White House correspondent Scott Horsley. Hi, Scott.

SCOTT HORSLEY, BYLINE: Good to be with, Rachel.

The European Central Bank "is on standby to keep banks flush with liquidity" if Greeks effectively vote on Sunday to support politicians who want to reject austerity measures and pull the nation out of the eurozone, The Financial Times writes this morning.

The ECB joins "a global chorus of central bankers pledging support ahead of Sunday's elections," the FT adds.