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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