Published: 18 Feb 2013 08:27 GMT+01:00 | Print version
Updated: 19 Feb 2013 09:20 GMT+01:00
President Francois Hollande visits debt-riven Greece on Tuesday to show France's support for a country that appears to have averted a chaotic eurozone exit despite a ruinous six-year recession.
Hollande's trip is a "message of confidence and backing," his office said, adding that since he took power nine months ago the Socialist leader has championed the idea that Athens remain within the euro common currency zone.
European Union leaders agreed in December to give Greece 49.1 billion euros ($66 billion) in return for additional austerity measures, breaking a six-month stalemate.
Senior auditors from the European Union, the International Monetary Fund and the European Central Bank are returning to Greece later this month to gauge the progress of reforms.
Their report will determine whether Athens will have access to a scheduled slice of 2.8 billion euros from its international creditors due in February.
Greek Foreign Minister Dimitris Avramopoulos said the visit was a "strong gesture of understanding, solidarity and support for the Greek people.
"This visit encourages the pro-European forces in Greece who are struggling against the fierce opposition of certain interest groups representing the dysfunctions of the past and proposing the country's entrenchment and isolation from the European process," he told France's Le Figaro newspaper.
Greece's uneasy ruling coalition rests on the support of Socialist and moderate leftist parties who do not always see eye to eye with the conservatives of Prime Minister Antonis Samaras.
"Greece can be rescued only through a drastic improvement in its economic competitiveness," Avramopoulos said.
"We need to bear in mind that Greece lost 31 percent in terms of cost competitiveness between 2001 and 2009. This loss led to the problems that we are facing today.
"We have already been able to recover 75 percent of this loss through structural reforms. And we are just at the beginning," he said.
No similarity with Merkel's visit
A French diplomat said Hollande's visit would be of a completely different nature than the October trip of German Chancellor Angela Merkel, when 30,000 protestors gathered in downtown Athens with banners such as "Out with the Fourth Reich."
While Germany has contributed the most money to the Greek bailout, many Greeks hold Merkel responsible for demanding that Greece make swingeing cuts in exchange for the financing it has received.
Hollande meanwhile is seen to be more favourable toward the country for emphasising that austerity must be accompanied by measures that fuel sustained growth.
The French presidency said Greece "remained an important outlet for French companies," stressing that the majority of firms with units there had not closed operations since the crisis unfolded.
The visit aims at "concrete ideas to spur job creation, display our confidence and seek economic partnerships," it said.
A number of French countries have a significant presence in Greece, including Bic, which had one of its main shaver factories in the country as well as its main research and development centre.
Cement maker Lafarge and transport infrastructure and power company Alstom also have a significant presence.
During his visit, Hollande will meet Samaras, President Karolos Papoulias and the heads of about 40 leading companies.
For months the people of the tiny seaside hamlet of Larmor-Baden in Brittany have been living in fear as a serial arsonist has burned down properties at will. On Wednesday French police appeared to have made a breakthrough. READ () »
Flash floods in south west France claimed their second victim on Wednesday when a 75-year-old man was swept away to his death in the raging waters. The flooded Catholic shrine of Lourdes was like 'a scene from a disaster movie' according to one hotel owner. READ () »
As temperatures rise and the rains continue to fall, concerns in France have turned to the country’s surging mosquito population. A new interactive map looks set to give residents and holiday-makers a head start in avoiding those nasty mossie bites. READ () »
A reptile enthusiast died after being bitten by a viper during a demonstration in southern France, which was aimed to help audiences overcome their fear of snakes. The man died from a heart attack due to a rare allergy, his colleague told The Local. READ () »
A suspected member of the notorious Pink Panther gang of international jewel thieves has been arrested near Paris, police sources told AFP on Wednesday. READ () »
Two of France's most famous luxury brands look set for a bitter court battle after deluxe bag maker Hermès accused the Louis Vuitton group LVMH of "historic fraud", as a long running bitter feud took a new twist on Wednesday. READ () »
French airline company Air France confirmed on Wednesday a multi-billion euro order of Airbus's new A350 planes. The planes are not yet in service and only recently carried out a test flight (see video). READ () »
The days of the rude Paris waiter or shopkeeper may soon be over. As part of a new campaign, Paris tourism chiefs published a training manual this week aimed at teaching Parisians who come into contact with tourists how to offer them a better welcome. READ () »
The historic Catholic pilgrimage site of Lourdes in south west France was evacuated on Tuesday after flash floods hit the area. Management at the shrine have told The Local they are growing increasingly concerned as waters continue to rise. READ () »
As a provocative new anti-smacking video campaign by the Fondation pour l'Enfance (Foundation for Childhood) causes a stir in France, the man behind the drive Dr. Gilles Lazimi tells The Local why France needs a law banning parents from smacking their kids. READ () »
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
More news from Sweden at thelocal.se
More news from Germany at thelocal.de
More news from Switzerland at thelocal.ch
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.