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6/9/12

Greece must stick to promises to stay in euro: Merkel

Greece must stick to the austerity commitments it has made if it wants to remain part of the eurozone after elections on June 17, German Chancellor Angela Merkel said on Friday.

Speaking after talks with New Zealand's prime minister John Key, Merkel said: "What we have always said is that we want Greece to remain a member of the eurozone."

"The precondition for that to succeed is that the future Greek government sticks to the memorandum that was agreed with the International Monetary Fund, European Central Bank and the European Commission."

Greece holds a fresh round of elections on June 17 after an indecisive vote on May 6 resulted in some 70 per cent of voters supporting parties opposed to more austerity measures contained in the memorandum Merkel referred to.

Read more: Greece must stick to promises to stay in euro: Merkel

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