IMF’s Christine Lagarde Wins EU Support to Lead European Central Bank
Posted by M. C. on July 3, 2019
In 2016, a French court found her guilty of committing negligence in 2008 when she was finance minister in the cabinet of former President Nicolas Sarkozy. The judge didn’t hand down a punishment, saying the ruling took into context the role Ms. Lagarde played in crafting France’s response to the global financial crisis. The IMF backed her, as did the French government.
Pro inflation and fiat money. Her middle name is ‘one world government’.
Her other face looks like George Soros.
The status quo will be safe. Don’t know about the citizenry that pays the bills.
By
BRUSSELS—International Monetary Fund chief Christine Lagarde is likely to become the first woman to run the European Central Bank, putting an experienced crisis fighter in charge and paving the way for a continuation of easy-money policies.
Ms. Lagarde also would be the institution’s first president without a pedigree in central banking. That has raised doubts about whether she would command the same credibility in financial markets as current chief Mario Draghi, who emerged as a dominant figure in the global economy during his nearly eight years at the ECB.
Her nomination comes as central bankers face challenges on a number of fronts. Inflation has weakened below target in many developed economies including the eurozone, while trade conflicts have crimped economic growth. But central bank rates are already super low or—in the case of Europe and Japan—negative, which spurs lending by reducing borrowing costs and making it unattractive to hold deposits…
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