Clinton: US ‘Unequivocally’ Backs Greek Economic Recovery Plan

Posted July 17th, 2011 at 5:00 pm (UTC-5)
Leave a comment

U.S. Secretary of State Hillary Clinton says the United States “unequivocally” supports Greece's economic recovery plan to battle its debt crisis.

Clinton said in Athens Sunday that she has faith in the resilience of the Greek people and the government's willingness to take the difficult steps necessary to bring the country back to economic health.

She called the Greek economic reforms strong medicine, but said the United States has every confidence of Greece's eventual economic rebound.

Clinton met with Greek Foreign Minister Stavros Lambrinidis, who said while many people on both sides of the Atlantic “bet on the collapse of Greece,” the government will prove them wrong.

Greece is getting ready for an emergency summit on Thursday in Brussels, where the leaders of the 17 Eurozone countries will attempt to forge a deal on a second bailout for the nation.

Last year's $160 billion bailout from the European Union and International Monetary Fund failed to make any major improvements in the Greek economy.

Clinton and Lambrinidis also signed an agreement to strengthen collaboration between Greece and the United States to fight the looting and trafficking of Greek antiquities and cultural artifacts.

Clinton's talks in Greece also focused on Middle East political turmoil, Balkans stability, Greek-Turkish relations, and Cyprus. Clinton said she wants to see a settlement between Greek and Turkish Cypriots before Cyprus takes over the EU presidency nest year.

The island has been split between Greeks and Turks since 1974. Direct talks between leaders of both sides begun in 2008 have made little progress.

Clinton leaves for India Monday.