U.S. President Barack Obama made a sound intervention in what it seems to be in favor of Greece’s positions “development vs austerity”, saying that you cannot keep squeezing countries in recession and that there should be a development strategy so that these countries can pay back their loans. Speaking to network CNN, Obama spoke of the necessity of reforms in Greece, but he stressed that these cannot be done if the living standard decreases to 25%, “this is something neither the Greek society nor the political system can stand”.