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Eurozone looks to talk after Greece elections

Related Topics: Eurozone, Greece

Brussels • The election in Greece of a radical party that wants to overhaul the country's bailout program raises new uncertainties for the eurozone. But several European creditor nations hinted they will seek a compromise deal to avoid disastrous scenarios, like Greece falling out of the euro.

Financial markets took in their stride on Monday the victory of the left-wing Syriza party after several leaders in the 19-country eurozone suggested they were open to discussing how to lighten Greece's debt burden. The country has since 2010 needed 240 billion euros ($270 billion) in loans from fellow eurozone countries and the International Monetary Fund to avoid bankruptcy.