Friday, June 3, 2011

Stiglitz Backs Lagarde

Joseph Stiglitz:


One of the leading candidates to be the IMF’s next managing director has turned out to be a Frenchwoman, Christine Lagarde, who, as France’s finance minister, helped lead her country through the Great Recession. She has been an outspoken advocate of financial-sector reforms, and has won the respect of all of those with whom she has worked.
Politics is not always kind to good candidates. The world should be thankful that there is at least one. Where she was born should not be an impediment to her prospects.

2 comments:

FrédéricLN said...

"Christine Lagarde, who, as France’s finance minister, helped lead her country through the Great Recession."

It's a pity to read that. I can't understand what relevant decision Mrs Lagarde may have taken, under Joseph Stiglitz' perspective, to overcome the recession.

As limited as Obama's reforms can have been, as partial as the decisions by the UK government can be, at least they do exist.

But I would be delighted to learn about our own improvements.

Alex Price said...

Stiglitz’s comment, “Where she was born should not be an impediment to her prospects” is silly. Tell that to all the third-world candidates. Where Lagarde was born has everything to do with why she is even being considered.