The Socialist Party announced on Tuesday that it would vote against the nomination of Emmanuel Moulin to head the Bank of France, thus joining La France Insoumise and the National Rally in their opposition to the candidate.Emmanuel MacronIt was the Socialist MP Philippe Brun, vice-president of the finance committee, who made this decision public, on the eve of the hearing of the former secretary general of the Elysée before the finance committees of the Senate and then of the National Assembly.
To justify this refusal, Philippe Brun cites a fatal lack of independence: as the principal architect of the executive branch's economic policy for the past ten years, Moulin, in his view, cannot claim any distance from the powers that be. The Socialist MP also criticizes him for having worked in favor of banking deregulation during the preliminary hearings and for having played a central role in defending the banking lobby.
The fate of the nomination now rests in the hands of the Republicans.
The vote will be held by secret ballot following Wednesday's hearings. If three-fifths of the votes cast are against, the nomination will be postponed. With La France Insoumise (LFI) and the National Rally (RN) having already announced their opposition, Emmanuel Moulin's fate now rests on the position of the Republicans.
The candidacy of Moulin, a long-time close associate of Macron, has sparked cross-party opposition based on a single argument: the future governor would serve for several years after the end of the presidential term in 2027, making the question of his independence from the executive branch that appointed him all the more sensitive. Moulin began moving in circles of power as early as 2007, under Nicolas Sarkozybefore becoming a central player in the Macron years.
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