Minister of the Economy, Finances and Industry (France)

The French Ministry of Finance ( since June 2012 French Ministère de l' Economie et des Finances, MINEF to German Ministry of Economy and Finance ) is one of the most important key ministries of the Republic. It goes back to the year 1561 and the position of the surintendant des Finances. Metonymically it is named after the Paris Bercy.

The building

The key ministry was traditionally located in the north- west wing of the Louvre. Due to the conversion of the Louvre to the pure museum area under François Mitterrand it is for some years in a spectacular new building in the Quartier Bercy ( between the Seine and the Gare de Lyon).

Function and meaning

The special significance of results from three factors: the tradition of centralism has no financial autonomy of the departments or regions; many major companies are or were nationalized (banks, utilities and others); the Prime Minister is not the master of foreign and security policy ( but the president ) and therefore not more powerful than the Minister.

Under President Nicolas Sarkozy on 18 May 2007, the Ministry was split: on the one hand, the Ministry of Economy (French Ministère d' Economie, des Finances et de l' Emploi, Minister Jean -Louis Borloo, later Christine Lagarde and François Baroin ) on the other hand, the Ministry of Finance in the narrower sense, that was responsible for the household ( Ministère du budget, Minister Eric Woerth, later François Baroin and Valerie Pécresse ). Under President François Hollande first it was revalued again, was minister from 2012 to 2014 Pierre Moscovici. Arnaud Montebourg the Ministère de l' Économie, you Redressement productif et du Numérique Michel Sapin is the Ministère des Finances et des Comptes Publics ago: Following the Government in April 2014, the Ministry was again split.