News / USA

US Offers Full US Support for Greek Economic Recovery Plan

Greek Foreign Minister Stavros Lambrinidis , left, and US Secretary of State Hillary Rodham Clinton speak on Sunday July 17, 2011 during a meeting at the Ministry of Foreign Affairs in Athens
Greek Foreign Minister Stavros Lambrinidis , left, and US Secretary of State Hillary Rodham Clinton speak on Sunday July 17, 2011 during a meeting at the Ministry of Foreign Affairs in Athens

Multimedia

Audio

Secretary of State Hillary Clinton says the United States “unequivocally” supports the economic recovery plan of Greek Prime Minister George Papandreou. Clinton held talks with top Greek officials in Athens in advance of a critical European meeting Thursday on a second financial bailout for Greece.

The United States will have no role in the bailout decision, to be made by the 17 key “Eurozone” countries of the European Union.

But Clinton delivered a strong message of political backing, saying she was pleased to be in Athens in what she termed “challenging times” to demonstrate the United States’ “unequivocally strong support” for NATO ally Greece.

The Secretary of State said the Papandreou government’s new round of austerity measures and tax hikes are strong medicine and difficult therapy for Greek citizens, but said the United States has every confidence of an eventual economic rebound.

“I have faith in the resilience of the Greek people. And I applaud the Greek government on its willingness to take these difficult steps. Greece has inspired the world before and I have every confidence that you are doing so again. And as you do what you must to bring your economy back to health, you will have the full support of the United States,” said the US top diplomat.

Clinton spoke at a press event with Greek Foreign Minister Stavros Lambrinidis, newly installed after the recent Greek Cabinet shakeup.

Speaking through an interpreter, he said that while many on both sides of the Atlantic have “bet on the collapse of Greece” the Papandreou government will prove them wrong.

“Despite the doomsayers, we are proceeding and we shall come out of this victorious. Of course we have no magic solutions. But there is no question the sacrifices that the Greek people have made have not only done away with the very real past risk of default, but will create a sound basis for recovery.”

The Greek foreign minister said his country needs not only U.S. but European solidarity, a message he said was lost on some E.U. member states in recent months.

A senior U.S. official said while not diminishing the severity of Greece’s problems, that country represents only about three percent of the E.U. economy, and the Greek problem is not of a magnitude the European Union cannot deal with.

Clinton’s talks here also focused on the Middle East political turmoil, Balkan stability, Greek-Turkish relations, and Cyprus.

Clinton said Saturday the United States would like to see a Cyprus settlement before the island state is to assume the E.U. presidency for the first time next year.

The Greek foreign minister said he thinks progress is possible, but that it mainly requires political will on the part of the Turkish government.

Cyprus has been divided along ethnic lines since 1974 when Turkish troops occupied the northern third of the island in response to a coup in Nicosia aimed at a union with Greece.

The senior U.S. official said he is encouraged by the fact that Greek and Turkish Cypriot leaders have held more than 80 face-to-face meetings during the past two years. He said they are “close” to an agreement, but that being close is not sufficient.

You May Like

Katrina Brought Enduring Changes to New Orleans

The city’s recovery is the result of the people and culture the city is famous for, as well as newcomers and start-up industries More

China to Open Stock Markets to Pension Funds

In unprecedented move, government to soon allow local pension funds to invest up to $94 billion in domestic shares More

Magical Photo Slides Show Native Americans in Late 1800s

Walter McClintock spent 20 years photographing the Blackfoot Indians and their vanishing culture at the dawn of the modern age More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Colombians Flee Venezuela as Border Crisis Escalatesi
X
August 27, 2015 2:08 AM
Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Colombians Flee Venezuela as Border Crisis Escalates

Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Is China's Economic Data Accurate?

Some investors say China's wild stock market gyrations have been made worse by worries about the reliability of that nation's economic data. And some critics say the reports can mislead investors by painting an unrealistically-strong picture of the economy. A key China scholar says Beijing is not fudging ((manipulating)) the numbers, but that the economy is evolving quickly from smoke-stack industries to services, and the ways of tracking new economic activity are falling behind the change. V
Video

Video Next to Iran, Climate at Forefront of Obama Agenda

President Barack Obama this week announced new initiatives aimed at making it easier for Americans to access renewable energy sources such as solar and wind. Obama is not slowing down when it comes to pushing through climate change measures, an issue he says is the greatest threat to the country’s national security. VOA correspondent Aru Pande has more from the White House.
Video

Video Shipping Containers Provide Experimental Housing

Housing prices around the San Francisco Bay area are out of reach for many people, so some young entrepreneurs, artists and tech industry workers are creating their own houses using converted shipping containers. But as VOA's Mike O’Sullivan reports from Oakland, the effort requires ingenuity and dealing with restrictive local laws.
Video

Video Arctic Draws International Competition for Oil

A new geopolitical “Great Game” is underway in earth’s northernmost region, the Arctic, where Russia has claimed a large area for resource development and President Barack Obama recently approved Shell Oil Company’s test-drilling project in an area under U.S. control. Greg Flakus reports.
Video

Video Philippine Maritime Police: Chinese Fishermen a Threat to Country’s Security

China and the Philippines both claim maritime rights in the South China Sea.  That includes the right to fish in those waters. Jason Strother reports on how the Philippines is catching Chinese nationals it says are illegal poachers. He has the story from Palawan province.
Video

Video Technique May Eliminate Drill-and-Fill Dental Care

Many people dread visiting dentists because they're afraid of drills. Now, however, a technology developed by a British firm promises to eliminate the need for mechanical cleaning of dental cavities by speeding a natural process of tooth repair. VOA’s George Putic reports.
Video

Video China's Spratly Island Building Said to Light Up the Night 'Like A City'

Southeast Asian countries claim China has illegally seized territory in the Spratly islands. It is especially a concern for a Philippine mayor who says Beijing is occupying parts of his municipality. Jason Strother reports from the capital of Palawan province, Puerto Princesa.
Video

Video Ages-old Ice Reveals Secrets of Climate Change

Ice caps don't just exist at the world's poles. There are also tropical ice caps, and the largest sits atop the Peruvian Andes - but it is melting, quickly, and may be gone within the next 20 years. George Putic reports scientists are now rushing to take samples to get at the valuable information about climate change locked in the ice.
Video

Video French Experiment in Integrating Roma Under Threat

Plans to destroy France’s oldest slum have sparked an outcry on the part of its Roma residents. As Lisa Bryant reports from the Paris suburb of La Courneuve, rights groups argue the community is a fledgling experiment on integrating Roma who are often outcasts in many parts of Europe.
Video

Video Kenyans Turn to Agriculture for Business

Each year Kenyan universities continue to churn out graduates for the job market despite the already existing high rate of unemployment among youth in the country. Some of these young men and women have realized that agriculture can be as rewarding as any other business or job, and they are resorting to agribusiness in large numbers as a way of tackling unemployment. Rael Ombuor reports for VOA.
Video

Video First Women Graduate Elite Army Ranger School

Two women are making history for the U.S. Army by proving they are among the toughest of the tough. VOA's Carla Babb reports from Fort Benning, Georgia as 94 men and those two women rise as graduates of the difficult Ranger school.

VOA Blogs