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Obama praises Greek austerity but urges growth

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Obama praises Greek austerity but urges growth


US President Obama has praised the Greek government’s strict austerity measures and structural reforms and said the country must now start creating growth.

At a meeting with Greek Prime Minister Samaras in Washington on Thursday, Obama said: “I think Prime Minister Samaras is committed to taking the tough actions that are required but also understands and wants to make sure that the Greek people see a light at the end of the tunnel.”

Samaras agreed, saying: “Of course we are going to do what has to be done as far as structural changes are concerned but our emphasis has to on growth and on the creation of new jobs, especially for the youth.”

The meeting between the two leaders comes as Greece’s unemployment rate hit an all time high of 27.6 percent . Amongst 15 to 24 year olds it is up to 64.9 percent.

Greece is seeking to lift itself out of a six year recession. Ordinary Greeks feeling the effects of austerity imposed by international lenders say they feel little hope of an economic recovery.

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