This Article is From Jul 07, 2015

White House Calls on Greece, European Union to Find Compromise

White House Calls on Greece, European Union to Find Compromise

File photo of White House.

Washington: The White House urged Greece and EU leaders Monday to find a compromise to keep the cash-strapped country in the eurozone, after Greeks voted resoundingly to reject an austerity-based bailout.

"The referendum is over, but our view here at the White House remains the same," said spokesman Josh Earnest.

EU and Greek officials need "to agree to a package of reforms and financing that would allow Greece to be on a path toward debt sustainability but also economic growth," Earnest told reporters in a briefing.

They should do so "in a way that would allow Greece to remain part of the eurozone," he said.

"This is a European challenge to solve," he added.

It was the first official US comment on Sunday's referendum in which Greeks voted by a 61 percent majority to reject a bailout deal from the European Union that required more austerity and reform, handing a victory to the ruling radical Syriza party.

 
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