There’s a new sheriff in town.
Lagarde, 55, currently France’s finance minister, will begin July 5, the Washington-based fund said today. She won the job over Mexican central bank governor Agustin Carstens after gaining a reputation as a skilled negotiator during the financial crisis within both the Group of 20 and the European Union as it provided bailouts for Greece, Ireland and Portugal.
[...]
When she announced her candidacy on May 25, Lagarde vowed to push for quick implementation of a 2010 agreement that makes China the third-strongest voice in the organization and gives more say to nations such as Brazil and South Korea. It also weakens the influence of advanced European economies, which pledged to reduce the number of seats they hold at the 24-person board. She indicated more changes may come. “I would be committed to continuously adapt the representation of the fund, in particular quotas, to changing economic realities,” she told directors during her job interview with the IMF board last week, referring to so-called quotas, which reflect the division of voting power…Lagarde last week dismissed suggestions that she might show favoritism toward Europe. The IMF approved a record $91.7 billion in emergency loans last year and provides a third of bailout packages in Europe.
A fluent English speaker, Lagarde spent a year as an exchange student at Holton-Arms School, a private girls’ school in Bethesda, Maryland. She was selected for the French national synchronized-swim team when she was 15 and competed internationally for two years. Lagarde, who has two sons from a former marriage, still swims several times a week and goes scuba diving in the Mediterranean with her partner, Xavier Giocanti, a Corsican businessman and Marseille resident.
Lagarde Named To Head IMF [Bloomberg]
Earlier: As Head Of IMF, Christine Lagarde Would Take No Prisoners On This Greece Business
A frog, comfortable in water – shocking.
-Kermit, la Grenouille
I was on the fence about her until I found out about the swimming and scuba diving, after I heard that it was a no-brainer in my book
“A fluent English speaker, Lagarde spent a year as an exchange student at
Holton-Arms School, a private girls’ school in Bethesda, Maryland. She
was selected for the French national synchronized-swim team when she was
15 and competed internationally for two years. Lagarde, who has two
sons from a former marriage, still swims several times a week and goes
scuba diving in the Mediterranean with her partner, Xavier Giocanti, a
Corsican businessman and Marseille resident.”
Sounds just like what the IMF needs right now to repair its reputation – someone with the common touch.
She checked all the boxes:
-too old and frail to commit sexual assault
-not attractive enough to be sexually assaulted
She looks like a spitter to me…pitiful excuse for a woman.
- L. Tilton.
In a couple of months, when Germany invades the IMF, she will be beating down the doors of the UK and the USA.
/The Greatest Generation X
Lights on, 37 years ago
she looks like a strong swimmer
“…there is no option that does not start with difficult but necessary
adjustments by the Greek authorities to restore the sustainability of
public finances and to rebuild the country’s competitiveness.”Translation: Bend over Grecians and get ready to take one for the world.
“Officially” sounds so, how do you say… certain. When you say “officially” I hear, there’s a good chance, but there is some wiggle room and it may not be definite. The English language is so vague, Qui’? Mias Non!
Dear DealBreaker,
When I read the headline it made me worry that this poor old nice lady was in jail and then my mind wandered to how she got there and then my tummy felt funny and I couldn’t read the article. Could you ask Bethany McClean to read it out loud to me please?
Sincerely,
Curious in NYC
I like her. I hope she’ll be the French Judge Judy.
Me too.
Not much concern about sexual innuendo with this one. She does seem to have a nice mustache
she was great in the west wing.