Washington to pressure eurozone on Greek debt

Washington to pressure eurozone on Greek debt

The United States is expected to put pressure on the eurozone, and particularly Germany, to find a solution to the Greek debt problem during the upcoming meeting of the finance ministers and central bankers of the G20 in Ankara on Thursday and Friday.

An American official said on Wednesday that the US will raise the issue of the Greek debt and a new restructuring, provided of course that Greece meets its obligations and implements the agreed reforms. The same official added that the International Monetary Fund should continue to participate in the Greek bailout programs.

This appears to be a clear sign that Washington wishes to to bring the issue to a close swiftly. Market professionals estimate that pressure to do so is related to problems that may arise for the global economy from the direction of China.

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