France's Macron urges greater European investment in Greece

10 September, 2017, 13:20 | Author: Malcolm Fuller
  • Greece bans protests during French president's visit

Macron, who wants a giant leap forward in European cooperation, pressed for greater financial solidarity towards the bloc's more vulnerable members.

Greece is emerging from the crisis, Macron noted in his own speech at the SNFCC΄S Greek-French business forum, after the Greek premier.

Greek Prime Minister Alexis Tsipras on Friday accompanied French President Emmanuel Macron to the Stavros Niarchos Cultural Center where the two men were to chair a meeting of Greek and French entrepreneurs. The leading expert of the european policy of the Atlantic, who from the title of his editorial that announces the color: "Emmanuel Macron will be yet another failed french president " (" Emmanuel Macron will be yet another French president to fail"). "I have always defended the IMF in worldwide discussions, but intervening in European Union crises and programs is not its first vocation, " he said, expressing the hope that the European Union could set up its own monetary fund to help prevent crises so that it would not have to make recourse to global ones. He then praised the efforts at reform undertaken by the Athens government.

Macron also said he backed the idea of giving Britain's 78 seats in the European Parliament to pan-EU representatives elected by all of the EU's citizens after Brexit.

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France will submit soon a proposal for a road map to rebuild Europe, Macron said. "We can achieve fiscal unification if we achieve political and economic integration", Tsipras said.

Euro zone governments in June approved another 11th-hour credit line for Greece worth almost US$10 billion (RM42 billion) after the International Monetary Fund said it would in principle join the country's current bailout having hesitated for two years.

Greece and the International Monetary Fund have often crossed swords over Greece's fiscal progress, its economic targets and unpopular reforms in the labor market.

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