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Letter to the President of the Republic: From stupefaction to a general mobilisation, how to respond to America’s policy shift

By François Villeroy de Galhau, Governor of the Banque de France

This 2025 Letter is published at a time of exceptionally strong uncertainty, and a technical update was carried out (section 1.2) on the evening of 10 April to reflect the changes announced by Mr Trump on the evening of 9 April.

9th of April 2025
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Identifying European public goods: economic foundations and practical challenges
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François Villeroy de Galhau – Interventions
A mobilising deadline for seizing “Europe’s moment”
Speech Governor
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deux dirigeantes d'entreprise
The proportion of female business leaders is gradually increasing in France
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La parole à Denis BEAU : « La souveraineté s’impose comme un enjeu majeur pour l’Europe dans tous les domaines, y compris celui des moyens de paiement. Plus que jamais, il est essentiel de concilier sécurité, innovation et autonomie stratégique. »
La parole à Banque de France
28th of May 2025
16ème édition du Prix du Meilleur Article Financier : Découvrez les lauréats
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Rapport annuel de la Banque de France 2024
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Updated on the 28th of May 2025

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