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NEWS ABOUT: Christine Lagarde

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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 »

'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 »

Sarko to French Pols: Put Down the Croissants

French government gets the fitness bug after president loses 15 pounds

(Newser) - Nicolas Sarkozy has lost 15 pounds since he married Carla Bruni, subsisting on a diet of cottage cheese, fruit compote, and bottled water—and he's not the only one in the French government who's slimming down. As the Times of London reports, Sarkozy is pressuring his ministers to lose weight,... More »

France, Germany Pull Out of Recession

(Newser) - The two largest economies in Europe pulled out of the recession last quarter, with Germany and France both posting 0.3% growth between April and June, reports the Wall Street Journal. The figures were far better than expected, and the French finance minister described the result as "very surprising.... More »

France's Finance Chief to Play Key Summit Role

French finance minister takes center stage at G20 summit

(Newser) - 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.... More »

French Counterpart Calls Paulson Out on Lehman

Lagarde blames treasury sec's decision for increased global turmoil

(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... More »

French Economy Enters Recession

After Ireland, it's the second EU nation in economic trouble

(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,... More »

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 ... More »

Dollar Soars to Biggest Weekly Gain in 3 Years

Greenback posts record advances ahead of G8 meeting

(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... More »

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