US urges eurozone leaders to compromise with Greece, delegation heading to Athens: FT
WASHINGTON (Reuters) - The Obama administration is pushing euro zone leaders to compromise more with Greece's new government as fears grow that a protracted budget stand-off could damage the global economy, the Financial Times reported on Sunday.
The U.S. lobbying effort comes amid mounting concerns in Brussels and Washington about the hardline stance taken by some members of the euro zone, particularly Germany, that Greece must press on with its budget-cutting commitments, according to the report, which cited European Union and U.S. officials.
"We've advised all sides there needs to be some compromise on everybody's part," the FT cited a senior U.S. official as saying. "There are limits to how much austerity a society can withstand."
A U.S. delegation is heading to Athens, led by the Treasury Department's top Europe official, Daleep Singh, the FT said.
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