Overview
- The Elysee said Tuesday it will propose Emmanuel Moulin, 57, to replace Francois Villeroy de Galhau in June.
- The nomination faces a vetting vote in the National Assembly and Senate finance committees, where a combined three-fifths against would block it.
- Opposition parties on the far right and far left attacked the choice, with finance panel chair Eric Coquerel setting a May 20 vote and warning about threats to the bank’s independence.
- Moulin is a veteran of the Treasury and the Elysee and a former chief of staff to Finance Minister Bruno Le Maire, and the role includes a seat on the European Central Bank’s Governing Council.
- He has not laid out public views on interest rates, and the move follows other contested placements of Macron allies in top oversight posts noted by critics.