Greek financial crisis - 2009 to present

 

Obama emphasizes need for reforms and financing to allow Greece to return to growth and debt sustainability - White House


PUBLISHED Mon, June 29, 2015 - 12:59pm EDT


U.S. President Barack Obama emphasized in a call with French President Hollande for the need for all parties involved in the Greek debt crisis to develop a package of reforms and financing that would allow Greece to return to growth and debt sustainability within the eurozone, White House Press Secretary Josh Earnest says. "These are obviously difficult issues but the United States has been strongly encouraging all parties to pursue this goal, and that's something that we continue to do even today," he said. [full quote attached]


  Quote from White House Press Secretary Josh Earnest at press briefing (rush transcript)

This morning, the president had the opportunity to telephone President Hollande of France to discuss this issue. This is also the second time that he has discussed it with President Hollande this month, he had an opportunity to sit down for a bilateral meeting with President Hollande in Germany, where this is among the issues that came up. In the context of that telephone call, the president reiterated to President Hollande something that we have indicated in the past, which is that it is important for the parties sitting around the negotiating table to develop a package of reforms and financing that would allow Greece to return to growth and debt sustainability within the eurozone. That is the target that we have been aiming for and the good news is that achieving that goal is consistent with the interest of all the parties at the negotiating table. These are obviously difficult issues but the United States has been strongly encouraging all parties to pursue this goal, and that's something that we continue to do even today.

  White House readout of Obama's call with French President Hollande

Readout of the President’s Call with President Francois Hollande of France

The President spoke today with President Hollande of France regarding developments in Greece. The two leaders agreed on the importance of restarting work to reach agreement on a package of reforms and financing that will allow Greece to return to growth and debt sustainability within the Eurozone. The leaders noted that their economic teams are in close contact and are monitoring developments in Greece and the broader financial markets. In addition, the President offered his condolences for the terrorist attack and loss of life that took place last week near Lyon and underscored our commitment to continue our ongoing counterterrorism partnership with France.






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