Part-WAS-Was8917680-1-1-0

US piles pressure on Athens as Greek crisis roils markets

US Secretary of the Treasury Jacob Lew leaves after a meeting with Senators on Capitol Hill April 14, 2015 in Washington, DCThe United States piled pressure on Greece Friday to agree to key reforms to obtain new EU financing, but equity markets sank in fear that Athens is headed for default. Stepping into the latest European financial crisis, both President Barack Obama and Treasury Secretary Jacob Lew said Greece needs to reach a deal that will get it 7.2 billion euros ($7.8 billion) more in bailout financing from the European Union. Lew warned in discussions with Eurogroup President and Netherlands Finance Minister Jeroen Dijsselbloem that no agreement between the two sides “would create immediate hardship for Greece, and uncertainties for Europe and the global economy more broadly,” the Treasury said.

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