Christine Lagarde becomes first female IMF chief

[Political Junky]

Christine Lagarde becomes first female IMF chief - ECONOMY - FRANCE 24

Christine Lagarde has been named as the first-ever female chief of the IMF. Her combination of French sophistication and US pedigree, mixed with with her defence of both free market economics and French social subsidies, have won her praise.

 

[Mad Scientist]

A female is taking over the IMF eh? Am I supposed to celebrate this as a big advancement for women in the workplace or something?

All this means is that now the IMF head will just have to use a strap-on when it gives the world a huge fuckin'.

 

[waltky]

Havin' friends in high places sometimes backfires...

IMF's Lagarde under investigation
27 August 2014 ~ IMF head Christine Lagarde says she has been placed under formal investigation for negligence in a French fraud case but has not been charged.

French authorities have formally opened a negligence investigation into Christine Lagarde, the head of the International Monetary Fund (IMF). She has been questioned about her role in awarding 400m euro (£318m; $527m) in compensation to businessman Bernard Tapie in 2008. She denies wrongdoing. Ms Lagarde, 58, was finance minister in President Nicolas Sarkozy's government at the time of the award.

Christine Lagarde denies wrongdoing in the Bernard Tapie compensation case

Mr Tapie supported Mr Sarkozy in the 2007 presidential election. He was once a majority shareholder in sports goods company Adidas but sold it in 1993 in order to become a cabinet minister in Francois Mitterrand's Socialist government. Mr Tapie sued Credit Lyonnais over its handling of the sale, alleging the partly state-owned bank had defrauded him by deliberately undervaluing the company.

His case was later referred by Ms Lagarde to a three-member arbitration panel which awarded the compensation. Investigators suspect he was granted a deal in return for his support of Nicolas Sarkozy. Ms Lagarde said last year that her decision to refer Mr Tapie's long-running dispute with Credit Lyonnais to a panel of judges was "the best solution at the time".

Bernard Tapie bought Olympique Marseille football club and Adidas before going into politics

Although being placed under formal investigation does not necessarily lead to charges, the development could raise questions about the rest of her term at the IMF, which is due to end in 2016. She told AFP news agency she had no intention of resigning from the IMF. Ms Lagarde replaced Dominique Strauss-Kahn as IMF managing director in 2011. Mr Strauss-Kahn - also a former French minister - resigned following his arrest in New York on charges of sexual assault that were later dropped.

BBC News - IMF s Christine Lagarde under investigation

 

[whitehall]

Wrong forum but it doesn't bother me that a woman is head of the IMF. It bothers me that the quiche eating surrender monkeys are in charge of the IMF.