At their White House meeting last week, U.S. President Barack Obama assured Greek Prime Minister Antonis Samaras of his support as Greece prepares for talks with creditors on additional debt relief amid record-high unemployment.
Greece will struggle to cut its debt load as envisaged by international assessors even with the return of modest economic growth next year, said German Christian Democratic Union lawmaker Michael Fuchs.
Uncertainty about Greek debt sustainability has increased after the government stumbled in selling state-owned enterprises, international monitors said in their latest report on the debt-stricken country.
Greece’s 10-year yield fell below the rate on its 30-year securities last week for the first time in almost three years, adding to signs the bond market in the nation that triggered the euro region’s debt crisis is healing.
Greece must stick to the promises it made to obtain a second bailout by pressing ahead with efforts to make its economy more competitive and meet budget targets, German Foreign Minister Guido Westerwelle said before his departure to Athens today.