Greece Gets U.S. Encouragement as Portugal PM Hangs On
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U.S. Treasury Secretary Jacob J. Lew said a U.S. recovery is “inextricably linked” to Europe’s ability to generate growth, after global finance officials urged euro-area policy makers to ease off austerity measures.
Speaking yesterday during a visit to Greece, where the European debt crisis began in 2009, Lew cited the country’s “tough road” of economic hardship. He arrived from Moscow, where he was among Group of 20 finance ministers advising Europeans to move away from its course of German-inspired budget-cutting, which has been blamed for Greece’s record unemployment and a sixth year of recession, and toward growth.