A senior U.S. Treasury official on Thursday urged Greece and its creditors to make concessions to end an impasse over Greece’s loan agreement.
U.S. officials are “closely” monitoring ongoing negotiations as they have generated increased uncertainty for the global economy, the official said. Greece will take an immediate economic hit if talks among its government, the European Union and International Monetary Fund break down, the official said.
The official noted that U.S. Treasury Secretary Jack Lew spoke to top European finance ministers on Thursday, but couldn’t speculate on the timing of a potential deal.
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