G20 backs bailout of Greece

G20 members from Korea, Canada, the U.S., the U.K. and France issued the following joint statement on the decision by the European governments and the International Monetary Fund to give Greece $145 billion in emergency loans to help stem the country's economic crisis. 

"We welcome the strong economic program Greece is putting in place with the financial assistance of the Member States of the Euro-Zone and the IMF. This program merits the support of the international community. In addition to the financial assistances being provided by the Euro-Zone members, we pledge support for the IMF's exceptional financing for Greece on an expeditious basis. Determined and consistent implementation of the program by Greece, combined with this exceptional assistance from the Member States of the Euro-Zone and IMF, will help restore financial stability in Greece and promote market confidence."