Emmanuel Macron Calls For Solidarity as He Vows to Lead EU Rebuild

French President Emmanuel Macron waits to welcome Israeli Prime Minister Benjamin Netanyahu at the Elysee Palace in Paris France

On the second day of his official visit to Greece, flanked by around 40 French entrepreneurs, Macron was expected to repeat his interest in France investing in Greece's recovery.

Her finance minister has proposed transforming the euro zone's rescue fund, the European Stability Mechanism (ESM), into a fully-fledged EMF that would have more powers to support vulnerable member states.

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.

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

"Our generation can choose to [do this]. we must find the strength to rebuild Europe", he said. He then praised the efforts at reform undertaken by the Athens government.

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.


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

Greece has undergone three economic bailouts since 2010 that were accompanied by substantial austerity measures including tax increases and social security cuts.

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

Meanwhile, Greek Prime Minister Alexis Tsipras said Athens was determined to promote discourse in Europe for a new contract for democracy, equality and solidarity.

"We are absolutely ready and determined to move in this direction and I'm certain our lenders have the same approach of avoiding hurdles and delays", Tsipras said.

Turning to Greece, Macron said the handing of the Greek debt crisis has been a European failure underlining the need for a revival of the EU.

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