Macron Faces Political Test Over French Central Bank Nomination

French President Emmanuel Macron is facing a major political challenge as lawmakers prepare to vote on his nomination of former chief of staff Emmanuel Moulin to lead the Bank of France. Critics argue the move is part of Macron’s effort to place trusted allies in key institutions ahead of the 2027 presidential election, where the far-right National Rally is expected to be a major contender.

The parliamentary vote is considered a key test of Macron’s influence as his presidency enters its final phase without a clear majority in parliament. Opposition lawmakers from both the left and right have questioned whether Moulin can remain politically independent after serving closely under Macron. However, supporters say Moulin is one of France’s most experienced economic policymakers and well-qualified for the central bank role.

If rejected, the nomination would mark an embarrassing setback for Macron and strengthen claims that his political power is weakening before the next election. The Senate vote is expected to be decisive, with conservative lawmakers divided over whether to back Moulin or oppose another Macron ally taking a powerful institutional position.

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