Tag Archives: Christine Lagarde

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Taosieach Enda Kenny and IMF Managing Director Christine Lagarde at Government Buildings in Dublin in January 2015

The Financial Times reports:

Christine Lagarde was found guilty of negligence in public office by a special Paris court on Monday in a case that has cast a cloud over her position as managing director of the International Monetary Fund.

A French tribunal decided not to hand down any sentence to the former French finance minister. Ms Lagarde’s lawyer said the verdict would not enter into her judicial record and claimed the verdict as a “half victory”.

The court, dedicated to judging ministers, said Ms Lagarde failed to prevent a fraudulent €403m payout the French state made to flamboyant entrepreneur Bernard Tapie when she was finance minister.

The court said that Ms Lagarde should have appealed the payout, which occurred in 2008.

The conviction is an unwelcome stain on the IMF managing director’s stint at the fund. But it may not be enough to see her toppled at the head of the fund.

French court finds Christine Lagarde guilty of negligence (Financial Times)

Meanwhile…

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Statement via Thanasis Koukakis

Previously: The Real Heroes

He’s Held In High Lagarde

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Taoiseach Enda Kenny and IMF Managing Director Christine Lagarde at Government Buildings this morning.

Meanwhile…

Nice.

Previously: He’s Held In High Lagarde

Sssh

‘That Makes No Sense’

Christine BLAGARD

Pics via Merrion Street

UPDATE:

Vom

FIGHT!

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In an interview in today’s Irish Times, Christine Lagarde – head of the International Monetary Fund sez:

“We want Ireland to be a success,” and added she wanted to see how the IMF and the Irish authorities could best plan for a successful conclusion to the programme while making sure there would not be a relapse.

“That is what I am most concerned about,” Ms Lagarde said.

“Clearly the world economy avoided collapse last year and I am very concerned that, by moving into a semi-complacent mood, people risk a relapse.”

Asked about the risk of a relapse in Ireland, she said: “Our sense is that it is better to plan than to get caught afterwards with a need for support down the road.”

Surgical knickers ahoy.

Kenny says main goal after two years is to exit bailout (Mary Minihan, John McManus, Irish Times)

(Pic Getty Images/Zimbio)