Why Greece's spillover across euro area will probably be contained this time

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The ripple effect is too serious to be ignored by U.S. Treasury. I reckon, it will add pressure on ECB, rather than on Greek government.

U.S. Treasury's Lew spoke with Greek premier, hopes talks on resolving crisis resume

WASHINGTON - U.S. Treasury Secretary Jack Lew spoke on Monday with Greece's prime minister and finance minister and said Washington looked forward to Athens and other parties resuming conversations toward resolving the Greek situation, a Treasury spokeswoman said.

Lew voiced hope such an outcome "will allow Greece to make difficult but necessary fiscal and structural reforms, return to growth, and achieve debt sustainability within the Eurozone," the Treasury statement said, adding Lew offered to stay in close touch in coming days.

The call with Prime Minister Alexis Tsipras and the new finance chief, Euclid Tsakalotos, came a day after Greeks voted overwhelmingly in a referendum to reject more austerity.
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http://www.todayonline.com/business/us-l...sis-resume
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RE: Why Greece's spillover across euro area will probably be contained this time - by CityFarmer - 07-07-2015, 09:25 AM
[split] Euroland Economic News - by CityFarmer - 26-01-2015, 09:37 AM
RE: Euroland Economic News - by BlueKelah - 26-01-2015, 08:31 PM
RE: Euroland Economic News - by CityFarmer - 09-02-2015, 02:49 PM

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