Christine Lagarde

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IMF Chief Lagarde Under Investigation in France

Suspected of negligence in French corruption probe

(Newser) - Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation today for negligence in a French corruption probe that dates back to her days as France's finance minister. In a statement after a fourth round of questioning before magistrates, Lagarde said she would return to... More »

Manchin: Big Brother Is Watching

Says there's a 'fine balance' to be found with NSA snooping

(Newser) - All those mutterings about "Big Brother" don't seem quite so funny, says Joe Manchin, "now (that) we found out that Big Brother is truly watching you." Addressing everybody's favorite invader of privacy—the NSA—the West Virginia Democrat said there's a "fine balance"... More »

Rand Paul: Bad Idea to Blow Through Debt Ceiling

Meanwhile, Collins, Klobuchar see a deal by Thursday

(Newser) - The United States of America is exactly four days away from debt ceiling Armageddon, so politicians of all stripes crowded the Sunday talk show circuit to point fingers and wax poetically about what the other side might do better. Rand Paul led the way with the obvious, Politico reports, saying,... More »

As Deadline Looms, Cyprus Prez Threatens to Quit

Fraught negotiations under way in Brussels with European finance ministers

(Newser) - Things are getting testy in Brussels, where Europe's financial powers that be are hunkered down in furious negotiations to determine Cyprus' fate ahead of tomorrow's deadline to finalize a $10 billion bailout. Cyprus President Nicos Anastasiades has threatened to quit, reports Reuters , in a fraught meeting with Eurogroup... More »

Alan Simpson: Tax Hikes for Rich, or Drinks on Me

Erskine Bowles increasingly confident now that parties 'starting to tango'

(Newser) - It's just another Sunday teetering on the fiscal cliff, with the Hill reporting that both Alan Simpson and Erskine Bowles are indicating that tax hikes for the rich were a foregone conclusion. “I think Erskine and I both agree that if anybody out there who is, quote, rich... More »

IMF's Lagarde, Who Blasted Tax Evaders, Pays No Taxes

Her salary from an international organization is exempt

(Newser) - IMF chief Christine Lagarde probably wants this one back: She infuriated Greeks last week by asserting that a big part of the nation's financial crisis is "all these people in Greece who are trying to escape tax." It's time for this nation of tax-dodgers to pay... More »

France's Woman of Year: DSK Wife

Poll finds Anne Sinclair more popular than husband's successor at IMF

(Newser) - Standing by her man has made Anne Sinclair a very popular woman in France. Dominique Strauss-Kahn's wife has been named as woman of the year by a French women's magazine after topping an opinion poll, the New York Post reports. With 25%, Sinclair came out ahead of Christine... More »

IMF May Need Billions More

But Paul Krugman's caveat: expansion, not austerity is needed

(Newser) - The International Monetary Fund needs to expand its $400 billion war chest to more effectively fight the latest round of euro zone crises, which could demand some $2.6 trillion to solve, reports the Telegraph . “The fund’s credibility, and effectiveness, rests on its perceived capacity to cope with... More »

'Act Now' Urges IMF Head, Warning of Recession Risks

'Risk of recession outweighs risk of inflation,' says Lagarde

(Newser) - IMF head Christine Lagarde warned that the world economic recovery is in danger, and called for additional spending to support growth, at a conference for business and economic leaders in Jackson Hole on Saturday, reports Reuters . "The stakes are clear; we risk seeing the fragile recovery derailed. So we... More »

World's Most Powerful Woman Is...

Angela Merkel, followed by Hillary Clinton

(Newser) - Want to get onto Forbes ’ annual 100 Most Powerful Women list? Better get yourself into one of these six categories, which is where all of this year’s candidates came from: billionaires, business, lifestyle, media, nonprofits, and politics. Candidates were ranked by money, traditional and social media influence, and... More »

Lagarde Faces Probe in $400M Deal

Court orders look at $400M arbitration deal

(Newser) - Well, at least there’s no maid involved this time: A special French court has ordered an investigation into newly minted IMF chief Christine Lagarde, over her role in a $400 million arbitration deal with tycoon Bernard Tapie. The much-maligned settlement, awarded in 2008, came after Tapie sued a French... More »

New IMF Head: US Needs Debt Deal 'Immediately'

Christine Lagarde urges US to show 'political courage' like Europe

(Newser) - Newly crowned IMF queen Christine Lagarde called for “bold fiscal action” to end the US debt ceiling crisis today, though she warned that drastic spending cuts could lead to a jobless recovery. “I’m hopeful that the political courage shown by European leaders will soon be followed” by... More »

Geithner: Obama Wants 'Biggest Deal Possible'

Says president 'is willing to do very, very difficult political things'

(Newser) - Treasury Secretary Tim Geithner fired back at John Boehner and Mitch McConnell this morning, telling Meet the Press that “We’re going to try to get the biggest deal possible, the deal that’s best for the economy. Not just in the short term.” Further, he said, smaller... More »

Lagarde Named Head of IMF

Move comes after the US endorsed her

(Newser) - Christine Lagarde has officially been named to replace Dominique Strauss-Kahn to head the IMF, reports the Washington Post . Lagarde's victory became all but guaranteed after the US endorsed her this morning, giving her the explicit support of more than half the votes on the institution's board, the Wall ... More »

Israel's Fischer Joins Race for IMF Head

Fischer enjoys strong support from United States, but is late to the race

(Newser) - The race to be the next head of the IMF heated up yesterday, as Bank of Israel governor Stanley Fischer announced he would run for the prestigious position, reports Reuters . Fischer, a former deputy managing director at the IMF, is considered a strong candidate, as he was well liked during... More »

Hillary Clinton Considers Top Post at World Bank

Reuters: She could leave next year

(Newser) - Hillary Clinton swears she's done with elected politics, and Reuters thinks it knows where she's headed next: the World Bank. Quoting three unnamed sources, the news service says she has already talked to the White House about leaving her post at the State Department to assume the presidency... More »

DSK's Likely Successor Is His Antithesis

Christine Lagarde would signal a new era at the IMF

(Newser) - If Dominique Strauss-Kahn presided over a testosterone-fueled, gray-suit clad world of international finance, then it is perhaps no small irony that it's poised to get a zebra-print breath of fresh air in the form of his likely successor. New York Times scribe Maureen Dowd writes a glowing profile of... More »

IMF Chief Wannabe: I'm 'Firm When People Are Bastards'

Christine Lagarde aims to take over for Strauss-Kahn

(Newser) - With Dominique Strauss-Kahn otherwise engaged , the IMF needs a new boss—and France’s finance minister is planning a world tour to prove she’s best for the job. Christine Lagarde will stop in China, India, and Brazil to offer her platform, which focuses on giving emerging countries more say... More »

France's Finance Minister Announces Bid to Head IMF

Christine Lagarde will seek to replace Dominique Strauss-Kahn

(Newser) - French Finance Minister Christine Lagarde, considered the frontrunner to replace Dominique Strauss-Kahn as head of the IMF, announced today she does in fact want the job. Lagarde is backed by many European countries including Germany and Britain . Yesterday, developing nations issued a statement urging the IMF to abandon its longtime... More »

Britain, Germany Back Lagarde as New IMF Boss

French finance minister appears to be the frontrunner

(Newser) - When it comes to replacing Dominique Strauss-Kahn at the IMF, French Finance Minister Christine Lagarde appears to be the leading candidate. Britain and Germany are the latest in the chorus of countries calling for her to replace fellow Frenchman Strauss-Kahn, who resigned last week amid charges of sexual assault. German... More »

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