WASHINGTON (Sputnik) — The controversial Transatlantic Trade and Investment Partnership (TTIP) agreement seeks to establish a transatlantic free trade zone, but critics claim it will limit the rights of individuals and sovereign countries for the sake of multinational corporate profits.
“Of course, the stability and security of Greece who is a NATO ally, as well as an EU partner is important for the United States and the Transatlantic community, which is why we continue to believe it’s in the interest of all parties to get Greece back on a path whereby it can resume reforms, return to growth and achieve debt sustainability within the Eurozone.”
On Sunday, more than 61 percent of Greek voters rejected in a referendum austerity measures proposed by Athens' major international creditors, which has renewed fears of Greece defaulting on outstanding debt and exiting the eurozone.
The Greek government has been clashing for months with Brussels and its major money lenders in Paris and Berlin, who want Athens to increase taxes and cut welfare spending.
Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the European Central Bank, the International Monetary Fund and some eurozone countries.
