'Greece saves Europe:' How press reacted to the vote

(CNN) -- The election in Greece of a pro-bailout party induced a huge sigh of relief well beyond Athens and plenty of press reaction that veered between cautious optimism and weary angst. Opinion pieces published before the vote made no mistake about the gravity of the weekend election. "Europe's Future Hangs in the Balance," read the main headline in the English section of Germany's Der Spiegel Online. However, the German team's domination of Denmark to reach the quarter finals of Euro 2012 stole the top spot on its national homepage early Monday, "Third game, third victory," the headline cried. With an election of its own on the weekend, France's Le Monde devoted its Monday morning homepage to a breakdown of a parliamentary vote tipped to solidify the majority of President Francois Hollande's Socialist Party. Greek New Democracy leader hails 'victory for all Europe' Nomura: Near-term relief from Greek vote However, the Greek vote led the international sections of both German and French sites, and dominated headlines in the United Kingdom. Never known to underplay a headline, Britain's The Sun newspaper told it straight: "Greece votes to keep the euro (just)... and save rest of Europe." Analyst: Greek productivity needs a lift The Guardian pitched the win for the New Democracy party as a victory for the euro -- "Voters give single currency a chance" -- while at the same time the paper's economics editor argued that what was really needed was international action.