Mr Jean-Louis Borloo has been appointed Minister of Economy, Finance and Employment of the French Republic, succeeding Mr Thierry Breton. Mr Borloo thus also becomes EIB Governor for the French Republic.

Born in 1951, Mr Borloo pursued a very successful legal career in the 1980s, having studied law, philosphy, history and economics. Moving into politics, he was elected mayor of Valenciennes in 1989 and re-elected in 1995 and 2001. He has also served as conseiller régional for Nord-Pas-de-Calais. He has been a Member of Parliament since 1993 and was also a member of the European Parliament from 1989 to 1992.

He has held Ministerial posts since 2002, firstly as Minister Delegate for Urban Development and Renovation, then from 2004 as Minister for Employment, Social Cohesion and Housing until his new appointment as Minister for the Economy, Finance and Employment. He is currently a member of the UMP political party and was a founder member of Génération Écologie, created in 1991.