NEWS

Obama says Greek debt deal a ‘positive step’

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President Barack Obama has welcomed the agreement between Greece and its creditors.

In a statement Tuesday, the White House said Obama considered “the agreement a positive step that could help underpin a return to growth and debt stability in Greece” but noted that “further work will be required.”

The statement followed Obama’s telephone calls with French President Francois Hollande, German Chancellor Angela Merkel, British Prime Minister David Cameron and Federica Mogherini, the European Union's high representative for foreign affairs and security policy.

On Monday, the US Treasury Secretary Jacob Lew had said the deal was in the best interests of Greece, Europe and the global economy.

[AP]