WASHINGTO (AFP) - Greece will not deliver a strong economic recovery unless authorities loosen austerity programs, US President Barack Obama suggested in remarks that aired Sunday.
"You cannot keep on squeezing countries that are in the midst of depression," Obama told CNN's "Fareed Zakaria GPS" when asked about the situation in crisis-hit Greece.
"At some point, there has to be a growth strategy in order for them to pay off their debts to eliminate some of their deficits." Obama said the Greek economy was in "dire need" of reform but warned that drastic changes were tough to implement in a struggling economy.
"It's very hard to initiate those changes if peoples' standards of living are dropping by 25 per cent. Over time, eventually, the political system - the society - can't sustain it," the US leader said.
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