Friday, August 24, 2012

Barack Obama asks eurozone to keep Greece in until after election day

US officials are worried that if Greece exits the eurozone, it will damage President's election hopes - Oliver Wright/The Independent UK

Representatives from the International Monetary Fund, the European Central Bank and the European Commission are due to arrive in Athens next month to assess Greece's reform efforts.

...American officials are understood to be worried that if they decide Greece has not done enough to meet its deficit targets and withhold the money, it would automatically trigger Greece's exit from the eurozone weeks before the Presidential election on 6 November.

They are urging eurozone Governments to hold off from taking any drastic action before then – fearing that the resulting market destabilisation could damage President Obama's re-election prospects.

◼ Mar 26, 2012: President Obama Asks Medvedev for ‘Space’ on Missile Defense 'AFTER MY ELECTION I HAVE MORE FLEXIBILITY'