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

Reuters

Reuters

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.

An analysis published on the day when Emmanuel Macron, on an official visit to Greece, explained that as he approached the first demonstrations against his reform of the Labor Code, he did not intend to yield to the pressure: " I will not yield anything to the idlers, to the cynics, nor to the extremes, "he thus assured in the garden of the French School of Athens.

But he is running into German resistance despite conciliatory public signals from Chancellor Angela Merkel.

No major protests had been planned against the French president.

"We would like to support growth which is returning to Greece, as we have showed solidarity so far", Macron said, urging Greece to continue on the reform path and that its worldwide creditors would eventually take measures for the relief of the Greek debt load.

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"We respect the International Monetary Fund, but we can manage better with an organization which was set up to have a European mentality and understand the euro zone's special features", Pavlopoulos said. He praised Greece's austerity reforms but said ordinary Greeks had paid a heavy price.

The French president Emmanuel Macron has vowed to lead a "rebuilding" of the European Union, warning that "sovereignty, democracy and trust are in danger" and that its citizens no longer understand the project, reported The Guardian.

The IMF has said it will only contribute funds to the programme if European Union creditors take further steps to lighten Greece's debt load, which has yet to happen over strenuous objections by Germany.

Euro zone governments in June approved another 11th-hour credit line for Greece worth almost $10 billion after the International Monetary Fund said it would in principle join the country's current bailout, having hesitated for two years. "We can achieve fiscal unification if we achieve political and economic integration", Tsipras said.

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