A New Chapter for the French Economy
A significant chapter is coming to a close for the French economy. After eleven years of service, François Villeroy de Galhau will be leaving the Banque de France in four months. Although his term was supposed to last until 2027, he has chosen to shorten his tenure by a year. He announced this decision himself in an official statement. The governor believes he has achieved his main objectives and is ready for a new challenge. As of this summer, he will be making a radical change of scenery. He will be taking the helm of the Fondation Apprentis d'Auteuil, a major organization that supports young people in difficulty. For him, this is a way to continue his commitment to the general interest, but on the social front. The President of the Republic and the European Central Bank have already been informed. This early departure leaves a few months to organize a smooth transition and appoint his successor. His tenure will be remembered for its solid management in the face of historic crises. He had to navigate through the Covid-19 pandemic and global geopolitical tensions. At the same time, he deeply modernized the institution, particularly in the production of banknotes.
