Système monétaire européen
In 1981, following Mitterrand's election as President of France, he was chosen as Secretary General of the Presidency. One year later, he joined the cabinet as Minister of Social affairs. He was among the Socialist politicians who advised President Mitterrand to leave the European Monetary System in order to continue Socialist economic policy. But in March 1983, Mitterrand listened to his Prime Minister Pierre Mauroy and ratified the change of economic policy.