By The Associated Press undefined Israeli troops have recovered the bodies of three hostages in the Gaza Strip, with the military saying...
Lew in Greece: Supports the need for debt relief
BREAKING News
U.S. Treasury Secretary Jack Lew said on Thursday that easing Greece’s fiscal surplus targets is one of several different ways that the country could achieve a more sustainable path for its debt, but declined to specify an alternative target.
“You can do that in a variety of different ways,” Lew told a news conference about how Greece’s debt can be more sustainable and satisfy European lenders and the International Monetary Fund. “I’m not going to take a hard view on where Greece and institutions should end up. Except that in the end, it has to work.”
Euro zone lenders are requiring that Athens reach a primary budget surplus of 3.5 percent of gross domestic product in 2018, a level that the IMF says is too high and cannot be realistically achieved.