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Yanis_Varoufakis

Yanis Varoufakis

Athens – Greece’s public debt has been put back on Europe’s agenda. Indeed, this was perhaps the Greek government’s main achievement during its agonizing five-month standoff with its creditors. After years of “extend and pretend,” today almost everyone agrees that debt restructuring is essential. Most important, this is true not just for Greece.

Secretary of Treasury Jacob J. Lew and EU International Cooperation and Development Commissioner Neven Mimica sign MOU to strengthen US-EU coordination

Addressing the critical need to finance infrastructure in Africa is a core theme at the United Nation’s Third International Conference on Financing for Development in Ethiopia.  To support these efforts to improve power generation and  access to electricity in sub-Saharan Africa, Secretary of Treasury Jacob J. Lew, and European Union (EU) Commissioner Neven Mimica today signed a Memorandum of Understanding (MOU) to enhance coordination between the EU and Power Africa that will deepen their ongoing long-term engagement with partner countries and the private sector to assist developing countries increase access to electricity for over 600 million people in sub-Saharan Africa.