Macron, in Greece, pushes vision of deeper euro zone integration

Jerome Frank
September 10, 2017

Furthermore, asked about the IMF's role in Euro zone bailouts, such as the third consecutive program that Greece is still implementing, he offered a more diplomatic and finessed position than his boss, French President Macron, who repeated in Athens this past week that the Fund is more-or-less redundant in the Euro zone.

In terms of bilateral relations, the French minister added he discerns investment interest by French companies in Greece's infrastructure projects, particularly ones involving transports, while pointing to a large entourage - roughly 40 - of business and corporate leaders that accompanied Macron on his two-day visit to Athens.

The French leader is running up against resistance in Berlin despite conciliatory public signals from German Chancellor Angela Merkel. Her finance minister has proposed transforming the euro zone's rescue fund, the European Stability Mechanism (ESM), into a fully fledged EMF with more powers to support weaker members.

Macron also underlined Thursday that he remained in "very regular contact" with President Recep Tayyip Erdo─čan.

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In a forum of vitriol written by a professor specialized in european policy, the New York Times, which last may saw yet in the new French head of State " a new hope for Europe ", judge already Emmanuel Macron as " a president missed ". "We were, we are and we will be here", he said, underlining that this bond will continue to be strong.

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

"Our eurozone must overcome a sort of internal civil war in which small differences are focused on, " Macron had said shortly before, in a joint press conference in Athens with Greek president Prokopios Pavlopoulos. "We can achieve fiscal unification if we achieve political and economic integration", Tsipras said.

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.

Other reports by Guamnewswatch

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