Friday, November 14, 2008

Jouyet To AMF

As expected, Jean-Pierre Jouyet will leave his post as secretary of state for European affairs at the end of the year. The surprise, just announced in a bulletin from Le Monde, is that he will become head of the Autorité des Marchés financiers, the French equivalent of the American Securities and Exchange Commission. Earlier reports had indicated that Jouyet was seeking to withdraw from public life, but this new job will put him on the hot seat in the drive for reinforced regulation of the financial system -- definitely not a tranquil place of retirement.

Of course the move will coincide with the end of France's presidency of the EU council. Does this personnel change signify decreased French interest in the EU? Not that there aren't other EU experts in France, but Jouyet has been closely associated with EU policy for decades.

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