Greece’s Stability Important for Transatlantic Community - US State Dep't

© Flickr / European ParliamentDebate and vote on TTIP postponed in the European Parliament
Debate and vote on TTIP postponed in the European Parliament - Sputnik International
The stability of Greece is vital for both the United States and the Transatlantic community, US State Department Deputy spokesperson Mark Toner told reporters on Wednesday, when asked about the impact of a potential Grexit from the Eurozone on the transatlantic free trade talks.

WASHINGTON (Sputnik) — The controversial Transatlantic Trade and Investment Partnership (TTIP) agreement seeks to establish a transatlantic free trade zone, but critics claim it will limit the rights of individuals and sovereign countries for the sake of multinational corporate profits.

“Of course, the stability and security of Greece who is a NATO ally, as well as an EU partner is important for the United States and the Transatlantic community, which is why we continue to believe it’s in the interest of all parties to get Greece back on a path whereby it can resume reforms, return to growth and achieve debt sustainability within the Eurozone.”

The seal of the International Monetary Fund is seen on a headquarters building in Washington - Sputnik International
Lagarde: IMF to Refrain From Bending Rules for Greece

On Sunday, more than 61 percent of Greek voters rejected in a referendum austerity measures proposed by Athens' major international creditors, which has renewed fears of Greece defaulting on outstanding debt and exiting the eurozone.

The Greek government has been clashing for months with Brussels and its major money lenders in Paris and Berlin, who want Athens to increase taxes and cut welfare spending.

Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the European Central Bank, the International Monetary Fund and some eurozone countries.

To participate in the discussion
log in or register
Заголовок открываемого материала