Greece could follow US and deregulate to push growth, says Commerce Secretary Ross

Greece could learn a lesson from the United States and deregulate its economy to push for stronger growth as it emerges from three international bailouts, US Commerce Secretary Wilbur Ross said in an interview broadcast on Tuesday.

Greece exited the biggest bailout in economic history last month after nine years of strict supervision by its foreign lenders - its eurozone partners and the Washington-based International Monetary Fund.

"Greece has made great strides getting out of the bailout, the next step is how to get the economy on a real growth path," Ross told Greek state TV ERT.

Greece's economy has been recovering after a deep recession that shrank it by a quarter and drove unemployment to nearly 28 percent. National output has expanded in the last six quarters, helping the jobless rate to come down to 19.1 percent.

On an annual basis, Greece's economic...