International Monetary Fund: Christine Lagarde remains head of the IMF – Augsburger Allgemeine

The Frenchwoman Christine Lagarde will lead the International Monetary Fund (IMF) in the future. The Fund has confirmed the second term of his director.

“Stark fashion” it was which had proved their first term, praises the Board of Directors. Christine Lagarde will lead the International Monetary Fund (IMF) for another five years, decided the Panel. The elect expressed “delight” – and praised himself and tidy: The IMF has improved in the past five years its ability to help its members and to meet the challenges of the future, she said. By 2021, the elegant Frenchwoman remains with the silvery short hair the face of IMF

IMF tip. Lagarde was only candidate

Lagarde was the only candidate, and she had received broad international support – from the native France, Germany and Great Britain and the USA, but also from China, South Korea and Mexico. could go wrong because nothing more.

 

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The now 60-year-old had taken over the chairmanship of the UN specialized agency 2011 in turbulent times: At that time, her predecessor and compatriot Dominique Strauss-Kahn had been forced to resign on charges of rape. With Lagarde took a perfectly English speaking, confident financial expert scepter that seemed perfect for the job.

Lagarde knew the economic and political heavyweights in the world. At a young age she started in the prestigious US law firm Baker and McKenzie and there laid a brilliant career. In 2005, the former top athlete began her political career in France and was state secretary for foreign trade. The newly elected President Nicolas Sarkozy in 2007 carried the Finance Minister – the first woman in the office

Lagarde is considered proven crisis manager, as shrewd tactician, balancing between diplomatic statements and harsh announcements.. In their first time at the IMF top especially the drama fell to Greece: The Greeks should finally pay all their taxes, let them know in 2012. They also called for a debt restructuring for the country -. And therefore not set out in the Euro countries necessarily popular

Lagarde “storybook career” made

The second term at the head of the IMF the culmination of a storybook career for the mother of two. Clouding the picture if necessary by a financial scandal surrounding the dazzling businessman Bernard Tapie, who is even in Lagarde’s time as Minister. Determines is already since 2011, yet it is threatened in France, a process for “negligence” in the handling of public money.

One of Lagarde then seised private arbitration had Tapie 2008 state following the sale of sporting goods manufacturer Adidas in damages awarded more than 400 million euros. It is suspected that Tapie received preferential treatment because of its proximity to Sarkozy.

The imminent process looks Lagarde even left. You’ve always acted “in the interests of the State” and within the law, she says. You have a clear conscience in the matter. Even the IMF has found long past its director in light of the impending process. AFP

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