European Council President Herman Van Rompuy plans to tell the Group of 20 major and developing nations that Greece should stay in the euro during meeting on June 18-19, according to a letter released today by the EU.
“We will reaffirm our commitment to safeguard financial stability in the euro area and its integrity,” Van Rompuy and European Commission President Jose Barroso said in a May 25 letter to the European Union’s 27 members. “We will also make clear that we want Greece to remain in the euro area while respecting its commitments.”
The G-20 plans to meet in Los Cabos, Mexico.
Greece is slated to hold elections on June 17, after a May 6 contest failed to produce a coalition that could form a government. On May 24, EU leaders exhorted Greek voters to elect a government that will make the budget cuts needed to keep the financially-ravaged country in the 17-nation euro zone.
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