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US says need to consider Greek debt restructure

Secretary of the Treasury Jacob Lew participates in the closing news conference at the Department of State in Washington on June 24, 2015US Treasury Secretary Jacob Lew says that Greece’s official creditors need to show flexibility and weigh a restructuring of the country’s debt. In an interview Friday with Yahoo News, Lew warned that both sides in the tense Greece bailout talks need to reach a deal soon to avoid shocking the global economy. Lew said Athens will have to “make some very painful adjustments” to merit more bailout support from the European Commission, European Central Bank and International Monetary Fund.

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