Obama says Greece needs growth, not more austerity

February 1, 2015 8:44 PM

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Obama says Greece needs growth, not more austerity

As representatives of the new Greek government begin a round of visits to eurozone countries, President Barack Obama has suggested that Greece will not be able to recover from its economic crisis unless there is a let up in austerity policies.

“You cannot keep on squeezing countries that are in the midst of depression,” when CNN’s Fareed Zakaria asked him about the case of Greece. “At some point, there has to be a growth strategy in order to pay off their debts and eliminate some of their deficits.

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