French Socialists to Oppose Moulin as Bank of France Head

Socialist lawmakers will oppose Emmanuel Macron’s nominee for Bank of France Governor, raising the risks of a political blow for the French president and uncertainty over the composition of the European Central Bank’s Governing Council.

The proposal for Emmanuel Moulin to succeed outgoing head Francois Villeroy de Galhau has already drawn public criticism from far-right and far-left politicians, who object to a longtime Macron confidant taking on a role that will last for years after the president leaves office in 2027.