(Jason Wiels and Giorgio Leali – Politico) Bank of France Governor François Villeroy de Galhau is to quit his job in early June, more than a year before the end of his mandate. In a move that took both Paris and Europe’s financial markets by surprise, the 66 year old said in a letter to staff Monday that his mission at the bank was largely accomplished and that it was time “to pass on the responsibility.”. One consequence of his early departure is that it will allow the current French President, Emmanuel Macron, to manage the succession process and ensure that one of the most important positions in the French state is occupied by someone ideologically sympathetic for the next six years, rather than by a representative of the extreme right or left.
Bank of France chief’s surprise exit stokes suspicion among Macron’s opponents – POLITICO
