neoconservatives

Michael Collins: New IMF Director - The more things change...

  • Posted on: 24 May 2011
  • By: MichaelCollins

Michael Collins

Seriously, is this the best the financial elite can do? The Money Party is running on fumes.

The Financial Times reported that French Finance minister Christine Lagarde was the leading candidate for Managing Director of the International Monetary Fund (IMF). She would replace Dominique Strauss-Kahn, now charged with sexual assault in New York City. (Images: Wiki Commons)

Christine Lagarde, France’s finance minister, has emerged as the leading contender to run the International Monetary Fund after being strongly endorsed by her German and British counterparts, eager to extend Europe’s 65-year grip on the global financial institution. Financial Times May 22

With the UK, Germany, and France supporting Lagarde, a favorable nod from the Obama Administration would assure her the job.

Since its creation in 1945, IMF has had an unbroken string of European managing directors.

 

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