23rd Mar 2018

Tspiras hopes 'Club Med' to soften EU austerity

  • Tsipras (c) is hosting France's Hollande (r) to discuss alternatives to austerity policies avocated by Germany's Merkel (l) (Photo: Consillium)

Leaders of France, Italy, Portugal, Malta and Cyprus are gathering in Athens on Friday (9 September) for an “EU-Med” mini-summit, which Greece’s prime minister Alexis Tsipras hopes will promote a left-wing answer to Europe’s multiple crises at next week’s Bratislava summit.

Tsipras said he hoped the meeting would help give weight to Europe's southern states, which were worst hit by Europe's many problems.

Thank you for reading EUobserver!

Subscribe now for a 30 day free trial.

  1. €150 per year
  2. or €15 per month
  3. Cancel anytime

EUobserver is an independent, not-for-profit news organization that publishes daily news reports, analysis, and investigations from Brussels and the EU member states. We are an indispensable news source for anyone who wants to know what is going on in the EU.

We are mainly funded by advertising and subscription revenues. As advertising revenues are falling fast, we depend on subscription revenues to support our journalism.

For group, corporate or student subscriptions, please contact us. See also our full Terms of Use.

If you already have an account click here to login.

”We [the Mediterranean countries] are in the eye of the storm of the refugee crisis, the security crisis and terrorism, and the economic crisis. Today we have a north which accumulates surpluses and a south that suffers heavy deficits. There is no European convergence when such disparities exist,” Tspiras told Le Monde in an interview published on Thursday.

The Bratislava meeting is supposed to be a show of unity after the UK’s vote to leave the EU.

But Tspiras hopes that the southern gathering will help to prevent that discussions on the EU's future are monopolised by the Visegrad group of Poland, Hungary, Czech Republic and Slovakia, who have said their proposal will be to roll back some of the EU’s powers, notably in the field of migration.

The Greek PM also wants to form a counterweight to Germany, and its belt-tightening agenda for the EU.

He said that the EU’s stability and growth pact was ”not the Gospel”, did not work in practice, and should be reviewed so that EU countries can create growth.

Senior German lawmakers already warned against a stronger role for what they call the ”Club Med” in the EU.

"I am deeply concerned that the southern EU countries will jointly form a strong coalition of reform-unwilling redistributors, threatening the financial stability in Europe,” German conservative MEP Markus Ferber told Die Welt.

The MEP said a strong and stable union was more essential than ever following the Brexit vote.

"After Britain's departure, the 'Club Med' will have a blocking minority that can prevent all kinds of laws in Brussels that it does not like," Ferber said.

Germany's EU commissioner Guenther Oettinger was also worried about the Athens meeting.

"It would not be good if the divide deepened between EU member countries with big budget problems ... and those with minimal fiscal issues," he told the Passauer Neue Presse.

Part of Tsipras’ anti-austerity push will be to gather support for his country’s debt relief demands.

Also on Friday, eurozone ministers will examine Greece’s economic situation. Creditors, including the International Monetary Fund, say Greece will never manage to pay back its €328 billion, but Berlin has refused to open debt relief discussions before the German elections in 2017.


Future of Europe needs more social investment

The Rome declaration committed to a more social Europe, but the EU's economic governance model is preventing the pledges made in the Italian capital from being truly realised.

EU rejects US trade 'gun to the head'

EU leaders demanded a permanent exemption from US tariffs on steel and aluminium - and ruled out any bilateral trade talks within the 1 May deadline set by Donald Trump.

Trump keeps EU leaders waiting on tariffs

European leaders postponed their reaction to US announcement that the EU would be exempted from tariffs on steel and aluminium. "The devil is often in the details", said the Belgian PM.

VW dismisses complaints on Dieselgate fix

'I think customers who want to get information (...) are able to receive information if they want," VW management board member Hiltrud Werner told EUobserver. Consumer groups disagree.

News in Brief

  1. EU wants 'Paris' climate strategy within 13 months
  2. Workload of EU court remains high
  3. Spain's supreme court charges Catalan separatist leaders
  4. EU calls for 'permanent' exemption from US tariffs
  5. Summit backs guidelines for future EU-UK talks
  6. Macron support drops as public sector workers go on strike
  7. EU leaders condemn Turkey for illegal actions in Aegean Sea
  8. Parliament must publish 'trilogue' documents, court says

Stakeholders' Highlights

  1. EUobserverStart a Career in EU Media. Apply Now to Become Our Next Sales Associate
  2. EUobserverHiring - Finance Officer With Accounting Degree or Experience - Apply Now!
  3. ECR GroupAn Opportunity to Help Shape a Better Future for Europe
  4. Counter BalanceControversial Turkish Azerbaijani Gas Pipeline Gets Major EU Loan
  5. World VisionSyria’s Children ‘At Risk of Never Fully Recovering', New Study Finds
  6. Macedonian Human Rights MovementMeets with US Congress Member to Denounce Anti-Macedonian Name Negotiations
  7. Martens CentreEuropean Defence Union: Time to Aim High?
  8. UNESDAWatch UNESDA’s President Toast Its 60th Anniversary Year
  9. AJC Transatlantic InstituteAJC Condemns MEP Ana Gomes’s Anti-Semitic Remark, Calls for Disciplinary Action
  10. EPSUEU Commissioners Deny 9.8 Million Workers Legal Minimum Standards on Information Rights
  11. ACCAAppropriate Risk Management is Crucial for Effective Strategic Leadership
  12. EPSUWill the Circular Economy be an Economy With no Workers?

Latest News

  1. Nordic states discuss targeted Russia sanctions
  2. Commission sticks to its line on Barroso case
  3. Germany and France promise new Russia sanctions
  4. EU rejects US trade 'gun to the head'
  5. Tariffs and Turkey will top This WEEK
  6. EU leaders roll over Brexit talks amid Trump and Russia fears
  7. Europe needs corporate tax reform - a digital tax isn't it
  8. EU data chiefs rally behind UK over Cambridge Analytica