PARIS, June 10 Francois Hollande's top economic
advisor is standing down and will be replaced by a senior
economist from a U.S. bank, an official at the French presidency
said on Tuesday.
Emmanuel Macron will be replaced by Bank of America Merrill
Lynch's chief European economist Laurence Boone, the official
said confirming a report in Le Monde newspaper.
Prior to joining Merrill Lynch in London, Boone was an
economist at Barclays in Paris and worked previously at the
Paris-based Organisation for Economic Cooperation and
As deputy chief of staff, Macron played a key role steering
economic policy as Hollande struggled to revive the euro zone's
second-biggest economy towards a much promised but little seen
The youthful former Rothschild partner was the French
business community's ear at the Elysee presidential palace,
otherwise stuffed with career technocrats with little experience
in the private sector.
(Reporting by Emmanuel Jarry; Writing by Leigh Thomas; Editing
by Ingrid Melander)