The Watchdog

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JANE BURGERMEISTER REPORT:’French finance minister and hawk is favourite to head IMF’

French finance minister and hawk is favourite to head IMF

Christine Lagarde, the French finance minister, who has been pushing the penal and ruinous bailouts on Greece and Ireland as well as the IMF’s new global currency, the SDRs, is favourite to replace Dominique Strauss-Kahn as the head of the IMF, reports The Telegraph.

http://www.telegraph.co.uk/finance/economics/8529574/Christine-Lagarde-seen-as-shoo-in-to-replace-Dominique-Strauss-Kahn-at-IMF.html

Dominique Strauss-Kahn openly called for a new world currency that would end the dominance of the dollar. He also pushed penal bailouts on the eurozone countries such as Greece and Ireland that were insolvent and not illiquid. It is true the IMF charged an interest rate that was lower at 3% than the EU’s. But the IMF had to overcme political opposition to get a foot in the door of Europe and so buddy up with the EU in running the biggest public sector Ponzi schemes ever as Mario Blejer called it.

The fact that Lagarde is set to replace Strauss-Kahn at the IMF underlines that they were on the same page and how interchangeable the banker puppets are moving one post to the next at the behest of their masters.

Christine Lagarde seen as ‘shoo-in’ to replace Dominique Strauss-Kahn at IMF

Christine Lagarde is seen as a shoo-in as the next managing director of the International Monetary Fund, after leading European states swung their support behind France’s ‘golden girl’.

By Roland Gribben 7:15AM BST 23 May 2011

The French finance minister has emerged as the runaway favourite to become the first woman to lead an organisation looking to quickly repair the damage caused by the resignation of Dominique Strauss-Kahn.

She faces opposition on the grounds of nationality rather than ability from a group of IMF member states headed by Australia, South Africa and Switzerland, who want to break the tradition of the job going to a European. China, India and Brazil have also called for an end to Europe’s 65-year monopolisation of the top job.

But the EU has stolen a march by quickly mobilising support for Ms Lagarde.

George Osborne led the way, declaring her the “outstanding candidate” for the post. Germany and Italy followed quickly while in France President Sardozy maintained a discreet silence at the prospect of losing his most able minister.

At least European leaders can agree on Christine Lagarde, France’s finance minister, as the next managing director of the International Monetary Fund. But behind this display of unity, a war is raging over how to solve the Greek debt crisis as we enter the most dangerous phase of the crisis yet.

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May 24, 2011 - Posted by | Internationally significant information, Jane Burgermeister Report

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