Monday, June 29, 2015

Speaking to the Greek Prime Minister on the phone yesterday, the U.S. Treasury Secretary Jack Lew noted it was important that Greece and its partners continue working toward a resolution ahead of the referendum announced for July 5 on the creditors' proposals on bailout terms. According to a US Treasury statement, Lew noted "the importance of all parties continuing to work to reach a solution, including both a commitment to reforms and a discussion of potential debt relief for Greece, in the run up to the July 5th referendum."

Lew also spoke to top European finance ministers and the International Monetary Fund, urging all sides to keep working together toward a "sustainable solution" to reforms in Greece and its recovery within the euro zone.

President Barack Obama and German Chancellor Angela Merkel also spoke yesterday, and agreed it was "critically important" to find ways to keep Greece in the euro zone.