Michel Sapin ([mi.ʃɛl sa.pɛ̃] ; born 9 April 1952) is a French politician who has served in the government of France as Minister of Finance since 2014. He previously served as Minister of Finance from 1992 to 1993, and he was Minister of the Civil Service from 2000 to 2002 and Minister of Labour from 2012 to 2014. Sapin, a Socialist, has also served as a member of the National Assembly of France.
After President François Hollande took office, Sapin became the Minister of Labour, Employment and Social Affairs in the government headed by Prime Minister Jean-Marc Ayrault on 16 May 2012. Two years later, he was moved to the post of Minister of Finance under Ayrault's successor, Manuel Valls.
Michel Sapin was born on 9 April 1952 in Boulogne-Billancourt, Hauts-de-Seine, France. He attended the Lycée Henri IV, followed by Paris-Sorbonne University, where he received a B.A. in History and an MPhil in Geography. He then attended the École Normale Supérieure, the Institut d'études politiques de Paris, and the École nationale d'administration. He graduated from the ENA as part of the Promotion Voltaire, which also included François Hollande, Dominique de Villepin, Ségolène Royal and Renaud Donnedieu de Vabres. He became an administrative law judge.
In the remainder of the case concerning the indemnities wrongly paid to Michel Sapin while he was mayor of Argenton-sur-Creuse, the administrative court of Limoges by order of 30 March 2017 has just rejected the personal request of Michel Sapin and Of the other elected representatives of Argenton who had formed a third party against the judgment of September 29, 2016.
From 1989 to 1994, he served as councillor for Nanterre. From 1995 to 2001, he was the Mayor of Argenton-sur-Creuse. He has served again as such since 2002. He served as Deputy Minister of Justice from May 1991 to April 1992, Finance Minister from April 1992 to March 1993, and Minister of Civil Servants and State Reforms from March 2000 to May 2002.
In 2012 he was appointed Minister of Social Affairs by President Francois Hollande. From April 2014 he then served as head of a newly-created ministry dealing with public finances under Prime Minister Manuel Valls.
In March 2016, he stated his opposition to universal basic income in an interview with France Info.
On August 30, 2016, following the resignation of Emmanuel Macron, the duties of the Minister of the Economy were added to Sapin’s remit. He thus became the Minister for the Economy and Finance.
He supported Manuel Valls in the Socialist Party primary of 2017. Following Valls’ defeat to Benoît Hamon, he supported Hamon in the presidential election while also defending Francois Hollande’s record as president.