U.S. Treasury chief Jacob Lew on Wednesday urged Greece and its creditors to “double down” in their efforts to reach a deal to solve the nation’s debt crisis, saying no one should be complacent about the risks to the world economy from a Greek default and possible exit from the eurozone.
Addressing students in London before traveling to a meeting of finance ministers and central bankers from the Group of Seven industrialized nations in Germany, Lew said that although eurozone is in “a more stable place” than it was at the height of the currency union’s debt crisis in 2012, it would be wrong to assume that a disorderly Greek exit would be painless.
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