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US: Greece needs debt restructure, sustainable debt plan

An EU flag waves above the ancient temple of Parthenon atop the Acropolis hill in Athens on July 7, 2015US Treasury Secretary Jacob Lew said Wednesday that Greece’s creditors need to give the country a path for debt sustainability and growth. Speaking as the country faces a deadline Sunday for a new bailout deal with official European Union lenders, Lew backed the International Monetary Fund’s analysis that the key problem is that the country will never be able to pay its debts. “I think the IMF has been very correct in focusing on debt sustainability.

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