eKATHIMERINI: US President Barack Obama indicated on Friday that life outside the eurozone would be far worse for Greeks than the austerity measures demanded in exchange for financial aid from Europeans whom he pressed to take action to stabilize the bloc.Addressing reporters in Washington, Obama said the Greek people must recognize, ahead of crucial general elections on June 17, “that their hardships will likely be worse” if they choose to leave the euro.
In a nod to German Chancellor Angela Merkel and French President Francois Hollande, Obama urged European leaders to pursue growth alongside austerity, noting that they have the support of the US, whose economy is inextricably linked to theirs. » | ekathimerini.com | Friday, June 08, 2012
