End of investigation into accusations that the disgraced former IMF chief Dominique Strauss-Kahn took part in a gang rape in the United States.
Senior economist quits 'indecisive' IMF, 'ashamed' at its incompetence and its 'tainted' chief Lagarde
Veteran IMF economist Peter doyle quits job with a blazing attack on 'tainted' Christine Lagarde and the organisation's handling of the euro crisis.
Few have heard of the International Monetary Fund's substitution account. The mechanism, proposed 40 years ago, never saw the light of day and yet, argues Philippe Ries, this is an instrument that would have offered, here and now, a way out of the eurozone debt crisis.
The Executive Board of the International Monetary Fund in June appointed former French finance minister Christine Lagarde as its Managing Director in full knowledge of the legal procedure concerning her and which this week led to the opening of an investigation into her suspected involvement in 'aiding and abetting falsification' and 'misappropriation of public funds'. At a moment of grave international economic turmoil, the IMF, still reeling from the Dominique Strauss-Kahn affair, finds itself further weakened. Philippe Riès returns to the background of Lagarde's appointment and interviews Ted Truman, senior fellow with the Washington-based Peterson Institute for International Economics and a former assistant secretary of the US Treasury for International Affairs, about the consequences of Lagarde's predicament for the IMF.
A French court will decide in August whether the new IMF chief Christine Lagarde will be investigated for her role, when French finance minister, in the controversial 2008 award of more than 400 million euros of public money to French tycoon Bernard Tapie. The case took a new twist in July after Mediapart led revelations over a secret pact between flamboyant, twice-fold rags-to-riches Tapie and an equally colourful entrepreneur called André Guelfi, a.k.a.Dédé la Sardine. The two men, who first met in prison, agreed to share their winnings in Tapie's compensation claim against the Crédit Lyonnais bank, and Guelfi's astronomic and ongoing compensation demand of more than 1 billion euros from oil giant Total, with funds destined to an offshore tax haven. Laurent Mauduit reports.
A decision on whether to launch an investigation into suspected "abuse of authority" and "obstruction of the law" by former French finance minister and new IMF chief Christine Lagarde was postponed by a top French court on Friday. The suspicions over Lagarde's role in a generous payout of public money to French tycoon Bernard Tapie in 2008 were originally referred for investigation by France's senior public prosecutor in May. Michel Deléan reports on the latest events in a case threatening to undermine Lagarde's IMF mandate and the reputation of the institution.
French president Nicolas Sarkozy hailed the appointment of his former finance minister Christine Lagarde as IMF chief as a "victory for France". Philippe Ries begs to differ, and argues here why it was above all a success for the US administration in a savvy operation mounted by a clique of Obama advisors.