US Treasury Secretary Lew visits Greece

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United States Treasury Secretary Jacob Lew is said to be in Athens and set to meet with Greek Prime Minister Alexis Tsipras and Finance Minister Euclid Tsakalotos today, ahead of travelling to the G20 meeting in Chengdu on Saturday and Sunday.

They are to be discussing the reforms package, which includes labor, pension and social security reforms, tax hikes and privatisations.

“The secretary will encourage the government to continue making strong progress on reforms this summer so that European leaders can begin discussing with the International Monetary Fund the timing and details of debt relief this fall,” the US Treasury said in a statement.

Later, at the G20 meeting, the Treasury official said the group’s top finance officials would discuss the implications of the Brexit vote on the global economy and would repeat their past calls for countries to use all available tools to promote strong, sustainable and balanced growth.

“There is scope to think about particularly fiscal policy in a more systematic and comprehensive way than we have so far,” he added.

 

 

GCT Team

This article was researched and written by a GCT team member.