Baroin nominated to succeed Lagarde in French economy ministry

15:53, June 30, 2011      

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Francois Baroin, French Budget Minister and Government Spokesman, was nominated Wednesday to succeed Christine Lagarde as the minister of economy and finance, according to a statement issued by the Elysee Palace.

Valerie Pecresse, Minister for Higher Education and Research, was put in the place of budget minister and government spokesperson, while Bruno Le Maire, who was widely anticipated to beat Baroin in the contest, remained to head the agriculture ministry.

The Minister for European Affair Laurent Wauquiez was appointed to lead the Ministry of Higher Education and Research.

The rearrangement came one day after current Finance Minister Christine Lagarde was elected to head the U.S.-based International Monetary Fund (IMF). She will start her five-year term in the international lending body from July 5.

This followed a cabinet shift on May 29 when State Secretary for Public Service Georges Tron announced his resignation after being investigated for alleged sexual assault and attempted rape.

Source: Xinhua
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