💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Factbox-Key ministers in France's new government line-up

Published 09/21/2024, 03:23 PM
Updated 09/21/2024, 03:26 PM
© Reuters. FILE PHOTO: Bruno Retailleau of the French conservative party Les Republicains (The Republicans - LR), France, June 12, 2024. REUTERS/Sarah Meyssonnier/File Photo

PARIS (Reuters) - Here are details of the main ministerial appointments after French President Emmanuel Macron's office unveiled on Saturday the new cabinet that will report to Prime Minister Michel Barnier:

ANTOINE ARMAND, FINANCE MINISTER

A relative newcomer to politics, Armand, 33, was first elected to parliament in 2022 on the centrist ticket of Macron's camp and was re-elected in July's snap legislative election.

In the new parliament, he had been set to head the economic committee in the lower house until Barnier tapped him for the top job at the powerful Ministry of Economics and Finance.

Armand is no stranger to "Bercy" as the ministry is often called in France, having joined its elite corps of finance inspectors after graduating in 2018 from the prestigious Ecole Nationale d'Administration - a training college for future senior civil servants that Macron also attended.

He will be seconded by Laurent Saint-Martin on budget issues, a delicate portfolio that will report directly to the prime minister, as France struggles to contain a rising budget deficit and contemplates spending cuts and tax hikes.

BRUNO RETAILLEAU, INTERIOR MINISTER

A conservative senator since 2004, Bruno Retailleau, 63, is known for his hard-right views and is the most senior figure from his Republicans (LR) party to enter Barnier's government.

Retailleau was a driving force behind the party's shift to the right in an increasingly polarised political landscape, in particular on hot-button issues such as immigration.

As leader of the conservative group of senators, Retailleau has criticised Macron's latest attempts to toughen immigration rules, calling for a much tougher stance that would include constitutional changes allowing welfare benefit cuts.

He has also urged tougher policing on left-wing and environmental protesters and opposed Macron's push to add the right for women to pursue an abortion to the constitution.

JEAN-NOEL BARROT, FOREIGN MINISTER

Barrot, 41, is promoted to foreign minister after serving as junior minister for European affairs since February 2024. Before that he was Macron's minister for digital affairs.

Barrot comes from a family with a strong political background. His father, Jacques Barrot, was a prominent French politician who served in various ministerial positions and as a European commissioner.

He provides essential political balance for the government, hailing from the centrist party of Francois Bayrou, the political veteran whose independent MoDem party Macron needs to keep on his side.

BENJAMIN HADDAD, EUROPE MINISTER

Haddad, 38, a fluent English-speaker with excellent contacts in Washington, DC, where he spent years working at a think-tank, was first elected to parliament in 2022 under Macron's party colours.

He has been vocal on diplomatic issues and especially the war in Ukraine, having convinced tens of European lawmakers to sign a plea to the U.S. Congress to unlock aid for Ukraine at the end of 2023.

SEBASTIEN LECORNU, DEFENCE MINISTER

© Reuters. FILE PHOTO: Bruno Retailleau of the French conservative party Les Republicains (The Republicans - LR), France, June 12, 2024. REUTERS/Sarah Meyssonnier/File Photo

Lecornu, a Macron loyalist, remains in his post at the helm of the Defence Ministry.

A low-profile minister who started his career in conservative ranks, he was excluded from the Republicans after being named a junior minister in Macron's government in 2017.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.