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Wednesday, June 29, 2011

Christine Lagarde Appointed Head of IMF

Christine Lagarde, the French Finance Minister, has been named as the new head of the International Monetary Fund.

Rather bizarrely, and certainly pathetically, French President Nicolas Sarkozy's office declared it a "victory for France".

Does Sarkozy not get the point that the IMF is an international organisation, it is not there to work for France or Sarkozy.

I suspect that Ms Lagarde has sufficient intelligence and ethics to understand that point, it is a pity that Sarkozy has taken the shine off her appointment by making such a partisan and crass comment.

She starts work on 5th of July, her first task being to sort out the Greek tragedy.

Good luck on that then!

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