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June 18, 2012

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ABOS, MexicoPresident Obama said the outcome of the Greek elections suggested a “positive prospect” for the teetering Europeannation’s hopes of avoiding further economic turmoil.

In his first remarks since a pro-Europe party claimed victory in Greece, Obama expressed measured hope and emphasized fiscal reforms.

“I think the election in Greece yesterday indicates a positive prospect for not only them forming a government, but also them working constructively with their international partners in order that they can continue on the path of reform and do so in a way that also offers the prospects for the Greek people to succeed and prosper," Obama said.

Obama spoke after a private meeting with Mexican President Felipe Calderon. The men huddled briefly Monday morning before formally kicking off the G-20 summit.

Sitting next to Obama, the Mexican president began his remarks by praising Obama’s recent decision to suspend deportations for some young illegal immigrants.

Calderon called the decision “unprecedented” and said it took “valor and courage.”

But the summit will be dominated by talk of the Eurozone crisis, as the world’s top economic powers look for ways to calm the markets.

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