Thierry Breton Resigns from European Commission, France Appoints Stephane Sejourne as Replacement
In a surprising turn of events, Thierry Breton of France has abruptly resigned from the European Commission and has been replaced by Foreign Minister Stephane Sejourne as the country's candidate for the next EU executive body. This unexpected twist comes as Commission President Ursula von der Leyen prepares to announce her new team.
Breton, a high-profile member of the European Commission known for his work in shaping EU regulations and responses to various issues, accused von der Leyen of questionable governance in his resignation statement. He alleged that he was asked to withdraw his name as France's pick for the Commission in exchange for a more influential portfolio, a claim that has not been verified.
The move is seen as a power play between France and Germany, the EU's two biggest heavyweights, over key roles in the EU institutions. France is vying for an important portfolio centered on industrial sovereignty and European competitiveness.
Sejourne, the new French candidate, is a former EU lawmaker and close ally to Macron. He is expected to focus on Macron's priorities in his new role. Breton, on the other hand, had clashed with von der Leyen in recent months, leading to his resignation.
Overall, this shake-up in the European Commission highlights the political dynamics at play within the EU and could have implications for the future direction of EU policies. Investors and individuals interested in European affairs should keep an eye on how these changes unfold and how they may impact the broader European landscape.