Friday, February 20, 2015

The United States urging the EU and Greece to agree –

The United States urging the EU and Greece to agree –

Washington – The United States Thursday urged Europeans and Athens to find an agreement on the financing of Greece, warning against a resurgence of uncertainty in the euro area in case of failure, a senior Treasury official.

It is important for Europe and for the world economy to reach an agreement, the official said, adding that it would seek a vigorous effort to compromise on both sides.

Europeans have the capacity to manage these challenges, further assured the head of the US administration on condition of anonymity.

If the talks fail, Greece will feel the economic impact in the area immediately euro will experience a resurgence of uncertainty, as well as the economy as a whole, he added.

This would occur when the euro area economy is low and faces disinflationary pressures, he insisted.

While Washington says monitor the situation of a committed way, the US Treasury Secretary Jack Lew met Thursday with President Eurogroup Jeroen Dijsselbloem, Greek Finance Minister Yanis Varoufakis and his French counterpart Michel Sapin, further clarified the Treasury.

The game is increasingly squeezed between Athens, who made concessions Thursday for the extension of its international financing, and Berlin who judges largely insufficient but leaves the door open for compromise.

The EU has given Athens until Friday to request an extension of the program International aid in force since 2010 and accompanied by a drastic austerity that the new Greek government led by Syriza party does not want.

The United States thus seem intensify pressure on all partners to move forward in a constructive and pragmatic manner, in the words of the head of the Treasury.

Asked about whether the Federal Reserve had been consulted on the matter, Treasury official would only say that consultations on the US domestic front had been carried

(© AFP / Feb. 19, 2015 11:33 p.m.).

(AFP / 19.02. 2015 11:34 p.m.) ^ ->

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