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October 10, 2008 6:47:54 PM CDT

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Stories related to: Christine Lagarde

Stories

5 Stories

  • October 2008

    • French Counterpart Calls Paulson Out on Lehman

      Reuters  |  Oct 8, 08 8:34 AM CDT

      French Counterpart Calls Paulson Out on Lehman

      (Newser) - Henry Paulson's decision to let Lehman Brothers collapse was "horrendous," his French counterpart said today. Christine Lagarde told a radio interviewer that "for the equilibrium of the world financial system, this was a genuine error." Lagarde added that her government would support financial institutions threatened with bankruptcy and that the EU had to band together to prevent "another Lehman." More »

      Tags

      France  • Henry Paulson  • Lehman Brothers  • Christine Lagarde

    • French Economy Enters Recession

      Associated Press  |  Oct 3, 08 9:08 AM CDT

      French Economy Enters Recession

      (AP) - France has entered a recession. The national statistics agency projects that the economy will contract by 0.1% in the third and fourth quarters of 2008, meeting the generally accepted definition. Finance Minister Christine Lagarde blamed the troubles on high oil prices, the strength of the euro earlier this year, and the worsening financial crisis across the globe. More »

      Tags

      Financial Crisis  • France  • credit crisis  • Nicolas Sarkozy  • recession  • European Union  • Christine Lagarde

    • France Shudders at Bank Bailout of Its Own

      Press Association  |  Oct 1, 08 8:03 AM CDT

      France Shudders at Bank Bailout of Its Own

      (Newser) - As the financial crisis ripples through Europe, France’s banking industry is scrambling to assure investors and customers it will weather the storm, which prompted the country to join in the $9-billion bailout of Belgian-French bank Dexia, reports the Press Association. Dexia's cross-border status amplified the concern, reports the New York Times. “Even if many European banks are more diversified than some American banks that got into trouble, in this business everything is linked,” said one official. More »

      Tags

      Financial Crisis  • France  • bailout  • banking industry  • Christine Lagarde  • Dexia

  • June 2008

    • Dollar Soars to Biggest Weekly Gain in 3 Years

      Bloomberg  |  Jun 13, 08 5:21 AM CDT

      Dollar Soars to Biggest Weekly Gain in 3 Years

      (Newser) - The dollar posted its biggest gain in almost 3 years this week, soaring 2.5% against the euro and 2.8% against the yen. This morning in London the dollar was trading at $1.54 against the euro, with analysts predicting a rise as high as $1.45 by year's end. European politicians are delighted with the greenback's resurgence; Christine Lagarde, France's finance minister, called it "very satisfying." More »

      Tags

      US dollar  • euro  • G8 summit  • yen  • Christine Lagarde

  • January 2008

    • Breakup Rumors Swirl Around SocGen

      Reuters  |  Jan 29, 08 12:11 PM CST

      Breakup Rumors Swirl Around SocGen

      (Newser) - Wounded Société Générale is looking more and more like a takeover target, prompting France's prime minister to jump into the fray today and say the government would defend the country's second-largest bank against hostile raids, the Wall Street Journal reports. With a $7.1 billion loss from fraudulent trades shaking confidence in the bank and its stock price plummeting, some analysts are predicting a breakup, Reuters reports. More »

      Tags

      France  • Nicolas Sarkozy  • Société Générale  • Jérôme Kerviel  • bank fraud  • Christine Lagarde

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