Prime Minister John Key is cautiously welcoming the outcome of the Greek election but says it won't have much impact on New Zealand.
The centre-right New Democracy Party secured the biggest single share of the vote and Mr Key says the potential is there for it to form a government that can work constructively with the rest of Europe.
"The best thing to say about the election is that it may have avoided things getting immediately worse, but all the current problems remain in Greece and in Europe generally," he said on Monday.
"Greece will continue to be on European life support and serious concerns will remain in the markets around much bigger countries like Spain and Italy."
Mr Key says it's a good outcome because an immediate crisis has been averted.
"In terms of what it means for New Zealand, it doesn't really change anything," he said.
"The European debt crisis remains the biggest threat to New Zealand by some margin - we are particularly vulnerable through shocks transmitted through China and Australia, and by any tightening of financial markets."
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