• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceEuropean Union
Europe

Macron’s shock that the EU would hire an American as chief economist leads to Yale’s Fiona Scott Morton withdrawing candidacy

By
Raf Casert
Raf Casert
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Raf Casert
Raf Casert
and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 19, 2023, 9:44 AM ET
Emmanuel Macron
France's President Emmanuel Macron talks to journalists during the third EU-CELAC summit that brings together leaders of the EU and the Community of Latin American and Caribbean States, in Brussels, Belgium, Tuesday, July 18, 2023.AP Photo/Francois Walschaerts

One day after French President Emmanuel Macron criticized her appointment because of her nationality, the American candidate to become one of the European Union’s chief economists will now not take up the position because of the political controversy it stirred, the bloc announced Wednesday.

Recommended Video

In a letter to the EU’s executive Commission released early Wednesday, Yale economics professor Fiona Scott Morton wrote that she had “determined that the best course of action is for me to withdraw and not take up the Chief Economist position.”

EU Competition Commissioner Margrethe Vestager, who had pushed through the decision to appoint an American to such a high-level position, said, “I accept this with regret and hope that she will continue to use her extraordinary skillset to push for strong competition enforcement.”

Macron had not been the only one to criticize the unusual move to take on an American for such a post but his criticism had the most impact.

On Tuesday, he insisted that if the European Union needed more strategic independence, it was a bad move that the EU head office planned to hire an American expert as its chief competition economist.

“Is there really no great European researcher with academic qualifications that could do this job?” Macron asked at an EU summit.

In a bloc of some 450 million people, “is there no one in the 27 member states that has a researcher good enough to advise the (European) Commission? That is a real question mark,” Macron said.

The EU’s executive commission announced last week that it had appointed Scott Morton as chief competition economist in its department tasked with ensuring that “all companies compete equally and fairly on their merits within the single market, to the benefit of consumers, businesses and the European economy as a whole.″

Macron insisted that he has nothing against Scott Morton herself, an economist with multiple diplomas from elite schools.

But the French leader demanded answers from the commission and suggested that hiring a non-EU citizen to such a senior job should not be allowed under EU statutes.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Raf Casert
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

trump
PoliticsWhite House
Trump insists there’s no pressure to end the war in Iran that he started, but ‘it will all happen, relatively quickly!’
By Aamer Madhani, Munir Ahmed, Russ Bynum and The Associated PressApril 20, 2026
2 hours ago
Fermi Inc. cofounders Toby Neugebauer, left, and former Texas Gov. Rick Perry, right, mark their Nasdaq IPO in early October for their AI power company plans.
Energypower
Struggling AI power startup Fermi loses its CEO and CFO for ‘2.0’ reset
By Jordan BlumApril 20, 2026
6 hours ago
‘Tethered to a galaxy far, far away’: Former diplomats doubt Trump’s Iran talks can deliver in final 48 hours
PoliticsIran
‘Tethered to a galaxy far, far away’: Former diplomats doubt Trump’s Iran talks can deliver in final 48 hours
By Eva RoytburgApril 20, 2026
6 hours ago
Scott Bessent, standing in front on an American flag, puts one hand up as he talks.
LawTariffs
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
6 hours ago
White House–backed USA Rare Earth makes $3 billion acquisition in South America to combat Chinese dominance
EnergyRare Earth Metal
White House–backed USA Rare Earth makes $3 billion acquisition in South America to combat Chinese dominance
By Jordan BlumApril 20, 2026
7 hours ago
Photo of Alex Karp
PoliticsMilitary
Palantir wants to bring back the draft just as the Selective Service preps for automatic registration
By Catherina GioinoApril 20, 2026
7 hours ago

Most Popular

Markets shudder as Strait of Hormuz starts resembling a combat zone. 'We're prepared to subject you to disabling fire'
Energy
Markets shudder as Strait of Hormuz starts resembling a combat zone. 'We're prepared to subject you to disabling fire'
By Jason MaApril 19, 2026
1 day ago
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
AI
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
By Sasha RogelbergApril 19, 2026
2 days ago
The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns
Economy
The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns
By Jason MaApril 19, 2026
1 day ago
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely
Economy
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely
By Eleanor PringleApril 20, 2026
20 hours ago
Current price of oil as of April 20, 2026
Personal Finance
Current price of oil as of April 20, 2026
By Joseph HostetlerApril 20, 2026
15 hours ago
Elon Musk bans résumés and cover letters in hiring for his chip team. These are the 3 bullet points he’s looking for instead
Future of Work
Elon Musk bans résumés and cover letters in hiring for his chip team. These are the 3 bullet points he’s looking for instead
By Jake AngeloApril 19, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.