Washington - Greece must undertake new reforms to bring stability to its shaky financial system, US President Barack Obama said Friday, adding that Washington is open to flexible policies that help the European nation's economy recover.
"Greece needs to initiate reforms," Obama said at a joint press conference with Italian Prime Minister Matteo Renzi at the White House.
"They have to collect taxes. They have to reduce their bureaucracy, (institute) more flexible labor practices," Obama added.
AFP
