Sunday, July 19, 2015

Euro area: France ready to be a “vanguard” says … – Les Echos

While the situation is a little less hectic in Greece and that the country’s banks were authorized by the government of Alexis Tsipras to open their doors on Monday, Francois Hollande said that France is ready to participate “in enhanced organization” of the eurozone.

In an article published by the weekly Le Journal du Dimanche, the president also said that France could be “with countries that decide on a forefront “.

“The eurozone has managed this week to reaffirm its cohesion with Greece. The quality of the Franco-German relationship has been for many. The European spirit has prevailed, “wrote the head of state in a folder of the Journal du Dimanche devoted to the former Minister and President of the European Commission Jacques Delors, who celebrates his 90th birthday Monday.

An output that has reacted. “The French proposal is rejected by our partners,” tweeted Raffarin

.

For his part, Le Pen said: “The euro is a failure, as was again demonstrated the Greek case, so do even more euro! That is the reasoning of François Hollande reaffirmed in the JDD this morning his desire of a government of the euro area, and even a parliament and a budget in the area.



“Specific Budget”

“But we can not stop there. I offered to take up the idea of ​​Jacques Delors the Government of the euro area and add a specific budget and a Parliament to ensure democratic control “, adds the head of state.

“Sharing a currency, this is much more than wanting a convergence. It is a choice that 19 countries have done so because it was their interest. No government also for fifteen years has taken the responsibility to get out, “says Francois Hollande.



” We must rebuild this economic and monetary union “

” This choice calls for a strengthened organization and the countries which decide in a vanguard. France is ready because, as Jacques Delors has shown us, it always grows when it is at the initiative of Europe, “he says.

When asked in the same issue of the weekly, Jacques Delors himself considers that the current system of the European Union and the euro area” is no longer governable. ” “This can not continue. We must rebuild this economic and monetary union. Will they do it? There was a start to construction defect. There was also nonsense and an inability of the eurozone to end it “, analyzes Jacques Delors.

He said that” in the current situation, the worst was avoided . But Europe is not a moral power, I say the good moral sense. We must rebuild the moral power which made the Europe’s strength in other periods, such as at the time of the fall of the Berlin Wall. “



Source AFP
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