By Steven Arons
DRESDEN(MNI) - US Treasury Secretary Jack Lew issued a strong appeal to his
European counterparts Friday to find a quick solution to the ongoing Greek
crisis, warning that failure to do so risked a default or a Greek exit from the
Eurozone and possible damage to the global economy.
Speaking at the press conference of the US delegation after the conclusion
of the G-7 summit in Dresden, Lew called on both sides of the negotiation table
to make concessions.
"At some point, there won't be the ability for Greece to pay its bills and
that will be the moment when, if it comes, there will be an accident," Lew said.
"If you want to avoid that, the sooner the better."
"Waiting until a day or two before whatever the next deadline is is just a
way of courting a