Macron Proposes to Reform EU, Create New Eurozone Parliament

Macron Proposes to Reform EU, Create New Eurozone Parliament

Macron Proposes to Reform EU, Create New Eurozone Parliament

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. 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.

"Ego oversized, arrogance" Emmanuel Macron gets a suit in the American pressThe New York Times, who in May saw the new head of state in France as " a new hope for Europe ", already considers Emmanuel Macron as a vitriolic forum written by a professor specializing in European politics". The eminent specialist in European politics across the Atlantic who, as part of his editorial, announces the color: " Emmanuel Macron will be yet another failed French president " (" Emmanuel Macron will be yet another French president to fail ").

"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.

Macron said his roadmap involved holding public debates during the first half of 2018 on the future of Europe and in the long run on pan-EU elections to a parliament of the 19-nation eurozone.

In comments before the meeting, Macron reiterared his support for Greece's ongoing reform drive and pledged that France will be "present" in Greek investments.

The IMF, alongside the European Union, has participated in two of Greece's three foreign bailouts since 2010 in exchange for unpopular austerity measures.

Greek Prime Minister Alexis Tsipras said Greece planned to exit its global bailout next August, putting an end to years of crisis and uncertainty.

"Today we can say with certainty that the country is turning a page", Greek premier Alexis Tsipras said in his address at the Stavros Niarchos Foundation Cultural Centre.

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.

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