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Lew Urges Greece to Reach Deal

U.S. Treasury Secretary encourages Greece and creditors to reach a compromise to avoid exit from Eurozone.

By Kasia Klimasinska and Peter Cook, Bloomberg | Updated on April 17, 2015

U.S. Treasury Secretary Jacob J. Lew urged Greece and its international creditors to reach an agreement on steps that need to be taken to avoid the nation’s exit from the euro and any resulting crisis.

“There’s no doubt that if this leads to a crisis such as Greece leaving the euro zone, it will cause an enormous amount of disruption and hardship in Greece,” Lew said in an interview Wednesday. “Even if the contagion risk is much less now than it was, say, in 2012 and earlier, it would not be a good thing in a world economy just recovering from a deep recession to have that kind of uncertainty introduced.”

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