US President Barack Obama has asked European and Greek leaders to strike a deal on the debt crisis that can benefit the global economy as a whole.
Greek Prime Minister Alexis Tsipras called President Obama yesterday and briefed him about the crisis.
The President received an update from Prime Minister Tsipras on his ideas for a path forward between Greece and its creditors.
— White House Statement
Obama reiterated that it is in everyone’s interest that Greece and its creditors reach a mutually-acceptable agreement, the statement said. He also spoke with German Chancellor Angela Merkel about the Greece debt crisis and the two leaders agreed that it is in everyone’s interest to reach a durable agreement that will allow Greece to resume reforms, return to growth, and achieve debt sustainability within the Eurozone.
“The leaders noted that their economic teams are monitoring the situation in Greece and remain in close contact,” the statement read, noting further that, “The conversations reflected the view that all parties continue to acknowledge that it’s in their collective and mutual interest for Greece to remain part of the Eurozone.”
But the only way that we’ll succeed in achieving that goal is for all of the parties to agree to a package of reforms and financing that puts Greece back on a path toward economic growth and debt sustainability. That is the solution here. I don’t mean to suggest that because it’s easy to articulate the solution, that it’s easy to agree to a solution.
— White House Press Secretary Josh Earnest
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