France’s President Emmanuel Macron is mulling appointing his former chief of staff as head of the country’s central bank, his office said on Tuesday.<\/p>\n
Opponents claim the centrist head of state is trying to dominate government institutions by putting allies in key postings before his five-year term ends next year.<\/p>\n
The far right is preparing for what it views as its best chance yet at seizing power in the upcoming presidential elections.<\/p>\n
“The president is considering, on the proposal of the prime minister, appointing Emmanuel Moulin as governor of the Bank of France,” the Elysee said.<\/p>\n
Moulin, 57, was replaced last week after a year as chief of staff.<\/p>\n
He was before that chief of staff to centrist Gabriel Attal during his brief stint as prime minister in 2024, after holding a key post at the finance ministry for several years.\u00a0<\/p>\n
Moulin will need to convince finance committees in the upper and lower houses of parliament not to veto his appointment.<\/p>\n
Eric Coquerel, the hard-left head of the finance committee in the lower house, said he would be voting against the nomination of Moulin to head an institution supposed to be independent.<\/p>\n
Moulin’s career “almost guarantees the opposite, namely a dependence on the current executive branch and obvious risks in terms of neutrality”, he said.<\/p>\n
If appointed, Moulin would succeed Francois Villeroy de Galhau, who has said he would step down in June, a year and a half ahead of the end of his six-year term. Moulin would remain in the post for the stretch of the next president’s mandate.<\/p>\n
Macron has already appointed another loyalist, Richard Ferrand, to head the country’s highest constitutional authority.<\/p>\n
Former public accounts minister Amelie de Montchalin in February became the country’s top auditor, after criticism she could not critique a budget that she was involved in drafting.<\/p>\n
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