US Treasury chief backs Greece debt relief
ATHENS, Greece — U.S. Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece’s debt sustainable, praising the country’s progress in reforming its economy as part of its bailouts but urging it to keep implementing the necessary measures.
Speaking in Athens after talks with Greek Finance Minister Euclid Tsakalotos, Lew said further progress on reforms was important so European creditors could begin discussions with the International Monetary Fund on “the timing and details of debt relief.”
“Putting Greece’s debt on a sustainable path is critical to Greece’s long-term economic health and I encourage all parties to be flexible to successfully conclude this fall’s negotiations,” Lew said.
Lew stopped in Greece amid political turmoil in neighbouring Turkey triggered by a deadly failed coup attempt, and following the referendum vote in Britain to leave the European Union.