Leaders of the G8 nations on Saturday said they support Greece remaining in the Eurozone, while welcoming the ongoing discussion in Europe on how to generate growth alongside a firm commitment on fiscal consolidation.
"We agree on the importance of a strong and cohesive Eurozone for global stability and recovery, and we affirm our interest in Greece remaining in the Eurozone while respecting its commitments," the leaders said in a statement after the conclusion of the Cap David Summit at Maryland in the US.
"Our imperative is to promote growth and jobs," G8 said. "The global economic recovery shows signs of promise, but significant headwinds persist."
The leaders pledged to take actions to "boost confidence and nurture recovery including reforms to raise productivity, growth and demand within a sustainable, credible and non-inflationary macroeconomic framework."
They advocated for structural reforms, and investments in education and in modern infrastructure in order to raise productivity and growth potential. They also recommended investment initiatives financed through leveraging the private sector.
The summit said it acknowledged robust international trade, investment and market integration as the key drivers of strong sustainable and balanced growth. The meeting also underscored the importance of open markets and a fair, strong, rules-based trading system.
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