NEWS

Obama says ‘austerity alone cannot deliver prosperity’

TAGS: Politics, Economy, Diplomacy

US President Barack Obama says austerity alone cannot deliver prosperity to the Greek people and that debt relief and other strategies will be needed.

Obama is pushing Europe to grant debt relief to Greece as it continues on its economic recovery.

Obama says reforms undertaken by the Greek government haven’t been easy but were necessary and will make the nation’s economy more competitive in the long-term.

Obama’s comments were made during a meeting with Prime Minister Alexis Tsipras. The prime minister says he hopes Obama’s last trip to Europe brings about important results.

[AP]

Online