NEWS ABOUT: Christine Lagarde
Christine Lagarde stories: 6 news briefs
French finance minister takes center stage at G20 summit
New York Times Nov 14, 08 7:38 AM CST
(Newser Summary) -
This weekend's emergency G20 summit will bring together world leaders with very different ideas of how to fix the global economy. But while heads of state and government talk in front of the cameras, one woman will be key in building a consensus: Christine Lagarde, the French finance minister. After years in Chicago at the top of a major law firm, Lagarde brings an American-style candor to the rarefied world of European diplomacy.
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Lagarde blames treasury sec's decision for increased global turmoil
Reuters Oct 8, 08 8:34 AM CDT
(Newser Summary) -
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."
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After Ireland, it's the second EU nation in economic trouble
Associated Press Oct 3, 08 9:08 AM CDT
(AP Summary) -
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.
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Press Association Oct 1, 08 8:03 AM CDT
(Newser Summary) -
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.
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Greenback posts record advances ahead of G8 meeting
Bloomberg Jun 13, 08 5:21 AM CDT
(Newser Summary) -
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."
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Fraud-plagued French bank may be too big
for single bidder
Reuters Jan 29, 08 12:11 PM CST
(Newser Summary) -
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.
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