Bloomberg News

Clinton Says U.S. Stands by Greek Efforts to Deal With Debt

July 17, 2011

July 17 (Bloomberg) -- U.S. Secretary of State Hillary Clinton praised Greece’s medium-term fiscal strategy as “vital first steps.”

“We know these were not easy decisions, they were acts of leadership,” Clinton said today in Athens. She said the challenge will be “to keep moving forward with the same determination and commitment.”

“While the payoff for these sacrifices will not come quickly, it will come,” Clinton said. “We know the price of inaction would have been far higher.”

To contact the reporter on this story: Nicole Gaouette in Washington at ngaouette@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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