Jean Arthuis

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Jean Arthuis
File:Bayrou Bercy 2007-04-18 n5.jpg
Jean Arthuis in 2007
Member of the European Parliament
for West France
Assumed office
1 July 2014
French Minister of the Economy
In office
President Jacques Chirac
Prime Minister Alain Juppé
Preceded by Alain Madelin
Succeeded by Dominique Strauss-Kahn
Personal details
Born (1944-10-07) 7 October 1944 (age 75)
Saint-Martin-du-Bois, France
Nationality French
Political party Centrist Alliance

Jean Arthuis (born 7 October 1944[1] in Saint-Martin-du-Bois, Maine-et-Loire) is a French politician and member of the Senate of France.[1] He has held various ministerial positions, especially regarding finances, and is now head of the Committee on Budgets in the European parliament.[1]

He is the President of the Centrist Alliance political party and is a member of the ALDE group in the European Parliament.[1]

Early life and education

Arthuis was born in 1944 in the Loire region of north-west France, where his parents ran a poultry business. He went to school in Château-Gontier, to which he returned after studying at the Ecole Supérieure de Commerce in Nantes and Sciences Po in Paris. In 1971 he set up an accountancy business in the town.[2]

Political career

Career in French politics

When Jacques Chirac became president in 1995, Arthuis returned to government under prime minister Alain Juppé. Initially in charge of economic planning, he was later promoted to finance minister, succeeding Alain Madelin.[3] He represented France in negotiating the EU’s Stability and Growth Pact, including crucial agreements at the Dublin summit in 1996.[4]

In early 1996, Arthuis and his German counterpart Theo Waigel launched a French-German economic stimulus package aimed at encouraging spending, increasing growth, cutting taxes on business and reducing unemployment.[5]

Under a plan announced by Arthuis in 1996, the state-run bank Caisse des dépôts et consignations bought more than two-thirds of the shares of nearly bankrupt property lender Crédit Foncier de France and transfer its assets to another state-run entity, which was to liquidate them over 10 years; although Crédit Foncier was not state-owned, the government had to rescue it not only because of its large exposure to the bond market but also because many French people considered its shares to be among the most steady and risk-free.[6]

That same year, Arthuis called for an investigation of former top executives at the state-controlled bank Credit Lyonnais for concealing losses at one of its key units, Altus Finance.[7]

In 2012, Arthuis authored a high-profile report on the future eurozone for Prime Minister François Fillon.[8]

Member of the European Parliament, 2014–present

Arthuis has been a Member of the European Parliament since the 2014 elections. He has since served as the chairman of the Committee on Budgets. In 2014, he was the Parliament’s lead negotiator on the 2015 budget of the European Union.[9] In addition to his committee assignments, he is a member of the European Parliament Intergroup on Long Term Investment and Reindustrialisation.[10]

In a 2015 letter to Martin Schulz, the President of the European Parliament, and Jerzy Buzek, the head of the Conference of Committee Chairs, Arthuis argued his committee should take a greater role in economic governance of the eurozone.[11]

Other activities

  • Société du Cheval Français, Member



  1. 1.0 1.1 1.2 1.3 "Jean Arthuis". European parliament. Retrieved 2014-07-07.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. Ian Mundell (December 11, 2014), Jean Arthuis – veteran debutant European Voice.
  3. Ian Mundell (December 11, 2014), Jean Arthuis – veteran debutant European Voice.
  4. Ian Mundell (December 11, 2014), Jean Arthuis – veteran debutant European Voice.
  5. Alan Friedman (January 24, 1996), France to Miss '95 Deficit Target 'by Just a Little Bit' International Herald Tribune.
  6. Max Berley (July 27, 1996), France Steps In to Dismantle Crédit Foncier International Herald Tribune.
  7. Thomas Kamm (August 9, 1996), Inquest Into Credit Lyonnais Signals Change for Arthuis Wall Street Journal.
  8. Ian Mundell (December 11, 2014), Jean Arthuis – veteran debutant European Voice.
  9. Toby Vogel (October 22, 2014), Tug-of-war over annual budget gets under way European Voice.
  10. Members European Parliament Intergroup on Long Term Investment and Reindustrialisation.
  11. Quentin Ariès (September 11, 2015), Parliament reaches for a euro role Politico Europe.
Political offices
Preceded by
Alain Madelin
Minister of the Economy, Finances and Industry
Succeeded by
Dominique Strauss-Kahn