18 June 2018

France will stand by Greece

23 October 15 | Francois Hollande
Francois Hollande


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French President Francois Hollande praised the brave decision of the Greek people to remain in the Eurozone and return to a path of growth, during a speech at the dinner hosted by the Greek President Prokopis Pavlopoulos on Thursday evening.


The dinner was attended by Prime Minister Alexis Tsipras and members of the cabinet as well as other politicians, diplomats and members of the business and science community.

“The first message I wish to confer to the entire Greek people is that its own choice of responsibility and courage to remain in the Eurozone will allow it to return to growth, thanks to the decisive action of its government,” Hollande said.

“You made a responsible choice,” the French President said, turning to Tsipras, referring to the agreement of July 13, adding that Europe chose solidarity and now there must be some progress on the issue of Greece’s debt. He expressed his desire for Greece to have some debt relief on its economy.

He also said that by the end of this month, 2 billion euros will be disbursed as a first sub-installment from Greece’s loan and after reviewing the progress made in the implementation of reforms, which will be followed soon after by the disbursement of 15 billion euros for the recapitalization of banks. “France will be observing the matter closely,” he said.

On the other hand, he clarified that a lot of work remains on Greece’s side to fulfill its ambitious goals, noting that the Greek state has to be remade to respond to modern day challenges.

“It must ensure true equality for all in taxation; provide citizens with quality public services, particularly in education and health, create the conditions for growth and employment, as the unemployment rate remains at a staggering 26.5 pct of the working population,” he noted.

Continuing with the refugee crisis, Hollande reiterated his view that Greek borders are Europe’s borders and “must be protected”, while he also referred to the “hotspots” being created on various Greek islands saying they must offer decent living conditions.


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