France's Macron urges greater European investment in Greece

Trevor Jackson
September 10, 2017

Macron wants a giant leap forward in European cooperation, pushing for the creation of a euro zone finance minister and parliament, as well as a standalone budget for the currency bloc to cushion economic shocks and head off future crises.

Greek President Prokopis Pavlopoulos escorts his French counterpart Emmanuel Macron as they inspect a guard of honour during a welcome ceremony in Athens September 7, 2017.

The French leader is running up against resistance in Berlin despite conciliatory public signals from German Chancellor Angela Merkel.

The French president underlined the presence of French enterprises in Greece. "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.

Macron emphasized that Europeans - citizens of the modern day "Babylon" with many languages and cultures - would need to redefine national sovereignty to create a new Europe capable of fighting terrorism and upholding the European sovereignty.

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"Our generation can choose to [do this]. we must find the strength to rebuild Europe", he said.

Macron said that France was working to maintain the peace and stability on the peninsula and he added that he valued China's role in resolving the issue.

France's Emmanuel Macron discussed increased pressure and sanctions on North Korea on the telephone with U.S. President Donald Trump and Japan's Prime Minister Shinzo Abe on Saturday, the French president's office said.

In June the International Monetary Fund demanded that Greece adopt more austerity measures in 2019 and 2020, after the current bailout program expires in August 2018.

In the press conference later with PM Alexis Tsipras, Macron underscored that "the Greek crisis has always been a European one". "We can achieve fiscal unification if we achieve political and economic integration", Tsipras said.

Other reports by TheDailyFarc

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