Friday, July 22, 2016

IMF chief Lagarde – replace Hardly – Süddeutsche.de

The French woman at the head of the powerful International Monetary Fund needs to court, but should give them rest and their office? No. For the presumption of innocence is high in their case, personally enriched Lagarde has not. The evidence is too scanty.



As the Governing Body of the International Monetary Fund (IMF), the Frenchwoman Christine Lagarde confirmed in February for another five years in office of the Executive Director, as all participants had followed clearly problems keeping their excitement about their own actions in check. A “strong and wise” woman you have chosen because, swarmed the choice men and women from around the world, the Chosen himself said he was “delighted”.

Since Friday, the question arises whether it is really so as was to elect a woman who was already threatened a process. This occurs now; Lagarde has been put on trial under “negligence” in Paris. She had approved as finance minister an award, which brought the businessman Bernard Tapie good EUR 400 million compensation from the state treasury. Tapie was of the temporarily state bank Crédit Lyonnais – you have probably say so – has been ripped off. The circumstances of the payments are so questionable that a clarification by Lagarde’s role is appropriate from all

For the IMF means the decision that his boss a significant portion of their time on their defense requires months to grab some. – and because dark clouds are brewing at a time over the global economy. Also could quickly a debate get underway, how credible is actually an institution is that governments like to push for a clean financial management, but even out of an alleged spendthrift.

This is the question in the space, whether Lagarde should let it rest for office for the time of the trial at least. Despite all the objections – the answer is no

There are the allegations themselves, the ex-minister is held to have the benefit of Tapie simply waved through the award of the Arbitration Commission… Also there is a suspicion that it the pressure of the then President Nicolas Sarkozy bowed. Personally enriched but, that’s for sure, she has not. The bottom line is thus the presumption of innocence outweighed the potential reputational harm to the Fund if found guilty.



The fact that the Court makes her the process, is a good sign

Anyway would Lagarde as IMF director, at least temporarily irreplaceable. The 60-year-old is far more than a mere authorities boss; it has remained in the heart always politician: Although it requires the Member States generally from loyalty, but combines this with a new fund for the practicality, flexibility and emotional sympathy. Although some citizens about Greece not believe or listen to love. Your most influential, most committed and least guided by other political constraints lawyer was in recent years often Christine Lagarde

The fact that the Court takes the liberty to make these women the process is at a time when the judiciary in many places degenerates into an extension of politics and the world’s craziest conspiracy theories about “up there” are rife, a good sign. Whether the judges, however, have chosen the most appropriate case, to demonstrate independence, is open, because the evidence against Lagarde is probably poor. Even the prosecution had called for the termination of the proceedings

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