Wednesday, June 22, 2011
Can Lagarde Be Derailed?
Christine #Lagarde has been all but anointed the new head of the IMF. But a new preliminary inquiry has been opened against one of her subordinates in the Tapie affair. Will this be enough to change the IMF's mind? It seems unlikely. Thus far the organization has doggedly ignored all suspicions of a misstep by Lagarde in the Tapie case despite numerous indications that things were not entirely kosher. Or are all these investigations last-minute machinations by enemies of Lagarde inside the French government? In any case, if the Lagarde directorship blows up in the future, the IMF will have only itself to blame.