8 Jun 2015
Obama urges Greece to make "tough political choices"
FXStreet (Córdoba) - Adding pressure on Greece and joining other world leaders, US President Barack Obama urged Greece to make tough political choices.
“The Greeks are going to have to follow through and make some tough political choices that will be good for them long-term", President Obama said at the G7 summit.
Obama also recognised “the extraordinary challenges” that Greece faces, and stated both, Greece and its creditors need to compromise to reach a deal.
"What it's going to require is Greece being serious about making some important reforms, not only to satisfy creditors, but more importantly, to create a platform whereby the Greek economy can start growing again”, Obama said. "If both sides are showing sufficient flexibility, then I think we can get this problem solved."
Separately, the President denied reports that he told the G7 that he was concerned by dollar being too strong.
“The Greeks are going to have to follow through and make some tough political choices that will be good for them long-term", President Obama said at the G7 summit.
Obama also recognised “the extraordinary challenges” that Greece faces, and stated both, Greece and its creditors need to compromise to reach a deal.
"What it's going to require is Greece being serious about making some important reforms, not only to satisfy creditors, but more importantly, to create a platform whereby the Greek economy can start growing again”, Obama said. "If both sides are showing sufficient flexibility, then I think we can get this problem solved."
Separately, the President denied reports that he told the G7 that he was concerned by dollar being too strong.