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French govt names Baroin as new finance minister

Last Updated: Thursday, June 30, 2011 - 08:59

Paris: President Nicolas Sarkozy appointed Francois Baroin, budget minister and government spokesman, as France`s new finance minister on Wednesday, replacing Christine Lagarde.
Baroin will be replaced in his duties by Valerie Pecresse, a minister of higher education.
Baroin, 46, has worked closely with the Finance Ministry and had been seen as a natural successor to Lagarde, named late on Tuesday as the new chief of the International Monetary Fund.

Bureau Report

First Published: Thursday, June 30, 2011 - 08:59
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