Saturday, May 21, 2011

European support rising for Lagarde's IMF bid

PARIS -- France's frank, hard-working and chic finance minister, Christine Lagarde, emerged Friday as Europe's likely choice to lead the International Monetary Fund.

The IMF insists the departure of former chief Dominique Strauss-Kahn has not hurt its day-to-day operations, but it is clearly under pressure to find a successor fast to lead an organization that provides billions in loans to stabilize the world economy. A new chief would also draw attention away from the seamy scandal surrounding Strauss-Kahn, who quit this week to face charges in New York that he tried to rape a hotel maid.


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