Macron urges European Union to avoid rupture with Turkey

Posted September 10, 2017

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. 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. He called on French companies that have had a presence in Greece for years to "give new energy, new dynamism to investments in Greece".

The euro zone is emerging from the near-decade-long economic and financial crisis that nearly ripped it apart. The intellectual who also takes the opportunity to express his skepticism about the reform of the labor code, the first major project of the president's mandate: " Any continuing decline in unemployment in France would be welcome, but the experience of other countries suggests that this would involve new forms of inequality. Even so, unemployment stands at almost 22 percent, the highest in the euro zone.

The privatization of state assets has been a key element of Greece's bailouts since 2010.

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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.

Macron promised a road map for the rebuilding of the European Union in the coming months, arguing that nations sticking together inside the European Union was the only way to protect citizens against problems including climate change and terrorism.

French President Emmanuel Macron paid his first state visit to Greece on September 7-8, calling for a stronger, more united Europe, noting that France plans to invest in Greece's economy.

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Greece's third rescue programme, now financially supported by European Union states alone, runs to August 2018.

Europe, he added, needed to create institutions to resolve future crises without having to turn to "third parties" such as the International Monetary Fund for financial support.

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