Macron: France will continue to support Greece

Posted September 10, 2017

Greek authorities have issued a ban on protests in central Athens during an upcoming visit by French President Emmanuel Macron.

Elected four months ago, the 39-year-old leader wants a giant leap in European cooperation which, at the economic level, would see the creation of a euro zone budget, finance minister and parliament.

At the same time, he repeated Macron's view that the European Stability Mechanism (ESM) has evolved into an institution that can assume the IMF's role in the Euro zone.

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.

These debates - so-called "democratic conventions", which he proposed during his French presidential campaign - would help lay the foundations of Europe for the next 10 to 15 years. "We were, we are and we will be here", he said, underlining that this bond will continue to be strong.

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Greece's economy is showing signs of rebounding after a deep recession that shrank it by a quarter, boosting hopes it can emerge from years of financial bailouts.

France will submit soon a proposal for a road map to rebuild Europe, Macron said.

"Today in Europe, sovereignty and democracy are under threat", Macron said on September 7 below the Acropolis Hill, on Pnyx Hill.

Tsipras, having opposed the tactics of previous governments, came to power in 2015 with pledge to kick out the country's creditors and halt all austerity measures, only for Greece to become the recipient of a third bailout deal. In the Greek crisis, he said in a press conference in Athens with Greek prime minister Alexis Tsipras, the presence of the International Monetary Fund was a symptom of the lack of trust between European Union countries and between European Union countries and institutions. "We can achieve fiscal unification if we achieve political and economic integration", Tsipras said.

Macron renewed his call for tighter oversight of foreign investments in the EU - a message that Greece has opposed - and urged European investors to support the Greek recovery. Macron urged the International Monetary Fund to show "good faith" in upcoming Greek debt talks.