Greece's pro-bailout party's victory welcomed

  • Eurozone leaders have hailed the narrow election victory of Greece's pro-bailout New Democracy party.

    In a statement on behalf of the 17 eurozone finance ministers, Luxembourg Prime Minister Jean-Paul Juncker said reforms were Greece's "best guarantee" to overcome tough economic challenges, urging Athens to form a cabinet quickly.

    The Syriza party, which rejected the bailout terms, will lead the opposition.

    With 99.9 percent of ballots counted, the New Democracy has 29.7 percent of the vote (129 seats), Syriza on 26.9 percent (71) and the socialist Pasok on 12.3 percent (33).

    There are 300 seats in parliament and Greece has a rule that gives the leading party 50 extra seats.

    Greek voters went to the polls on Sunday following inconclusive elections in May.