Jack Lew: “Restructuring is needed in Greece’s debt”

The need for a restructuring of public debt as soon as possible emphasized the United States Secretary of the Treasury Jack Lew, at an event in Washington for a the annual meeting of the International Monetary Fund. Giving an answer to “K” he said: “We have been involved in Greece’s matters and its debts for a long period of time. Thankfully, we are not in a phase of a direct crisis. The issue is what we can do to avoid putting ourselves in a situation of a crisis again.” He also said that “it is important that in the last agreement of Eurozone with Greece, it was decided that the restructuring of the debt should be on the table”, adding that the only solution to a non- viable debt would be its restructure and if you keep on delaying it, it would be much more difficult for the economy”.