NEWS

Greek deal may not have happened without Washington, says Dragasakis

TAGS: Politics, Euro, Diplomacy

Greece might never have secured an agreement on a third bailout from its creditors without Washington's help, Deputy Prime Minister Yiannis Dragasakis said on Wednesday, as his government prepared for a crucial vote in parliament on reform measures.

"I have to publicly thank the US government and Mr. (President Barack) Obama as without their help and persistence that the deal has to include the debt issue and development horizon we might have not succeeded," he said.

An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders. [Reuters]

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