 Complete the following phrase:  Renzi is seen as an ally of French President François Hollande of the Socialist Party. On 15 March 2014 Renzi met Hollande in Paris, agreeing with him a common economic policy focused not only on the austerity measures imposed by the so-called Troika of the European Commission, European Central Bank and International Monetary Fund, but also on more flexible policies to promote economic growth in the EU. Renzi is a close personal friend of French Prime Minister Manuel Valls, with the two leaders often regarded as being heirs of the Third Way politics espoused by the likes of Tony Blair. On 7 January 2015, after the 