08:35 GMT +323 September 2019
Listen Live
    President Barack Obama

    US Without Plans to Provide Financial Aid to Greece - White House

    © AP Photo / Pablo Martinez Monsivais
    Politics
    Get short URL
    Financial crisis in Greece (197)
    126
    Subscribe

    The United States is not planning to provide financial assistance to Greece amid the country’s debt crisis, White House Press Secretary Josh Earnest said on Tuesday.

    WASHINGTON (Sputnik) — Greek overall debt stands at about $350 billion, $270 billion of which is owed to the European Central Bank, the International Monetary Fund and some eurozone countries.

    “I am not aware of any specific financial assistance on the part of the United States that is being considered for Greece at this point.”

    On Sunday, the majority of Greeks voted to ditch creditors’ proposals that envisaged harsher austerity in exchange for a new cash injection.

    Earnest said on Monday that the European Union and Greece should find a compromise to resolve the Greek debt crisis. He added that only implementation of financing reforms will allow Athens to remain part of the Eurozone.

    Obama Urges Greek Prime Minister to Reach Agreement With Creditors

    US President Barack Obama has called on Greek Prime Minister Alexis Tsipras to reach consensus on the bailout deal with the international creditors, the White House said in a press release on Tuesday.

    “The President [Obama] reiterated that it is in everyone’s interest that Greece and its creditors reach a mutually-acceptable agreement.”

    The White House added that Tsipras also updated Obama on his ideas for a path forward between Greece and its creditors.

    Earlier on Tuesday, a Eurogroup meeting was convened in Brussels to discuss solutions to settle the Greek debt crisis. A Eurozone emergency summit on Greece followed the meeting.

    In Sunday’s referendum, over 61 percent of the Greek public voted "no" on whether or not the country should accept creditors’ demands for spending cuts and tax increases in exchange for another loan.

    White House Press spokesperson Earnest said on Tuesday that Washington does not plan to provide financial assistance to Greece amid the country’s debt crisis.

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

    Topic:
    Financial crisis in Greece (197)

    Related:

    Tsipras: Greferendum Outcome Means Greek Government Cannot Be Toppled
    Greece to Send New Request for European Lending Program
    Decision on Greek Debt Must be Made Within One Week - Hollande
    No to Austerity, Yes to Democracy
    Tags:
    International Monetary Fund, Barack Obama, Alexis Tsipras, Greece
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik