Showing posts with label Christine Lagarde. Show all posts
Showing posts with label Christine Lagarde. Show all posts

October 29, 2026

Christine Lagarde va quitter la présidence de la Banque centrale européenne le 7 février 2027, neuf mois avant le terme de son mandat

LE FIGARO : Christine Lagarde a informé le Conseil des gouverneurs de l’institut monétaire ainsi que le président du Conseil européen, António Costa, de sa décision de quitter son poste en février, selon un communiqué.

La présidente de la Banque centrale européenne (BCE), Christine Lagarde, quittera ses fonctions le 7 février 2027, soit près de neuf mois avant l’expiration de son mandat prévue fin octobre 2027, a annoncé la BCE jeudi. Christine Lagarde a informé le Conseil des gouverneurs de l’institut monétaire ainsi que le président du Conseil européen, António Costa, de sa décision de quitter son poste en février, selon un communiqué. » | Par Le Figaro avec AFP | jeudi 29 octobre 2026

October 22, 2025

European Central Banker Lagarde Argues "We're Yet to Feel the Pain" on Trump's Tariffs

Oct 19, 2025 | European Central Bank President Christine Lagarde predicted on "Face the Nation with Margaret Brennan" that more of the costs of President Trump's tariffs could be passed on from businesses to consumers. And she weighed in on the increasingly tense U.S.-China trade talks.

"Face the Nation" is America's premier Sunday morning public affairs program. The broadcast is one of the longest-running news programs in the history of television, having debuted Nov. 7, 1954, on CBS. Every Sunday, "Face the Nation" moderator and CBS News senior foreign affairs correspondent Margaret Brennan welcomes leaders, newsmakers, and experts to a lively round table discussion of current events and the latest news.


January 13, 2021

ECB's Lagarde Calls for Regulating Bitcoin's "Funny Business"

REUTERS: FRANKFURT (Reuters) - European Central Bank President Christine Lagarde called on Wednesday for global regulation of Bitcoin, saying the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed.

Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations. Some have even taken out loans to buy more of the cryptocurrency, whose value has increased almost tenfold since last March.

But its largely anonymous nature has raised concerns that it could be used for money laundering and other illegal activities.

“(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,” Lagarde said in an interview at the Reuters Next conference. » | Reuters staff | Wednesday, January 13, 2021

Listen to Lagarde speaking about Bitcoin HERE »

October 13, 2013

Lagarde Tells US Lawmakers They Risk Tipping World into Recession


Christine Lagarde, Head of the IMF

THE INDEPENDENT: Stark warning from IMF chief comes as search for deal to extend debt ceiling shifts to Senate

American politicians risk causing a “massive disruption the world over” that could tip the global economy into another recession if politics gets in the way of raising the country’s debt ceiling and the ongoing government shutdown remains unresolved, Christine Lagarde, the head of the International Monetary Fund, warned today as the US Senate became the focus of talks to end the budgetary deadlock in Washington.

The stark assessment by Ms Lagarde, a former French Finance Minister, came after news that talks between the Republican Speaker of the House of Representatives, John Boehner, and President Barack Obama had broken down, putting the onus on the Senate leadership to craft a bipartisan pact to avert what experts predict would be financial catastrophe. » | Nikhil Kumar | New York | Sunday, October 13, 2013

March 27, 2013


Zypern-Methode: Moody's rechnet mit Euro-Rettern ab


SPIEGEL ONLINE: Die Rating-Agentur Moody's geht nach der Zypern-Rettung hart mit den Verantwortlichen der Euro-Zone ins Gericht. Deren Krisenmanagement sei stümperhaft gewesen, ihre Selbstsicherheit fehl am Platze. Das Antasten der Bankeinlagen könne sich als gefährlicher Präzedenzfall herausstellen.

London - Die Regierungen der Euro-Zone laufen nach Ansicht von Moody's Gefahr, sich bei der Bewältigung der Schuldenkrise zu überschätzen. Ihr Vorgehen bei der Zypern-Rettung sei stümperhaft gewesen, insgesamt wirke sich die dabei gewählte Strategie negativ auf die Kreditwürdigkeit der Mitglieder des Währungsraums aus. Dass die Sparer einen Beitrag zur Sanierung der Banken leisten müssen, könnte als gefährlicher Präzedenzfall aufgefasst werden, sagte Moody's-Experte Bart Oosterveld in einem Interview der Nachrichtenagentur Reuters.

Offenbar seien die Politiker auch nach ihrem ungeschickten Vorgehen im Fall Zyperns davon überzeugt, ein Übergreifen der Krise auf weitere Euro-Länder verhindern zu können. "Diese Zuversicht könnte fehl am Platze sein", warnte Oosterveld. So könnten auch die Anleger in anderen Schuldenstaaten der Euro-Zone aus Angst um ihre Ersparnisse ihre Konten plündern, weil sie - wie auch zahlreiche Analysten - davon ausgehen, dass das Beispiel bei künftigen Krisen Schule machen könne. » | fdi/Reuters/dpa | Mittwoch, 27. März 2013

July 16, 2012

IMF Slashes UK Economic Growth Forecast

THE GUARDIAN: International Monetary Fund downgrades its forecast for UK growth next year by more than any other developed nation

The International Monetary Fund has downgraded its forecast for UK growth next year by more than any other developed nation and warned that the world economy is weakening.

The Washington-based organisation predicted on Monday that growth in the UK will be just 1.4% in 2013, compared with a previous forecast of 2%. This year the situation will be even worse and a previous forecast for 0.8% growth for the year has all but evaporated.

The IMF said in its latest World Economic Outlook that GDP across the UK – which is currently in recession – will increase by just 0.2% in 2012, beating Italy and Spain, but behind France and Germany.

Christine Lagarde, the former French finance minister who heads the IMF, has warned European leaders they must press ahead with further measures to deal with the euro crisis or growth forecasts could prove optimistic. » | Phillip Inman, economics correspondent | Monday, July 16, 2012

June 16, 2012

Lagarde souhaite voir la zone euro franchir une nouvelle étape

REUTERS FRANCE: PARIS (Reuters) - La directrice générale du Fonds monétaire international, Christine Lagarde, souhaite qu'une nouvelle "étape forte" de la construction de la zone euro soit rapidement franchie, avec la mise en commun des politiques budgétaires et des mécanismes de supervision et de résolution des crises bancaires.

L'ancienne ministre française des Finances s'exprime dans un entretien publié samedi par Libération, avant l'ouverture lundi d'un sommet du G20 qui sera presque exclusivement accaparé par la crise en Europe.

"Ce qu'il faut, c'est une détermination collective pour avancer vers une étape forte de la construction de la zone euro", déclare Christine Lagarde.

"Il faut dépasser l'union monétaire pour mettre en commun les politiques budgétaires, avec aussi des instruments de supervision du secteur financier au sens large et des mécanismes de résolution des crises bancaires. Le tout sous une autorité de la zone euro, et non pas des banques centrales nationales." » | Jean-Baptiste Vey, édité par Jean-Philippe Lefief | samedi 16 juin 2012

June 09, 2012

Europe Worried About Crisis Impact

eKATHIMERINI: Lagarde, Juncker express solidarity to Greek people

The serious possibility of the crisis expanding to Spain and of a possible Greek exit from the eurozone depending in the outcome of the June 17 election, that Moody’s warned would see a downgrade for the bloc’s countries with the top credit rating, have generated huge worries among European officials.

In this context the French head of the International Monetary Fund, Christine Lagarde, stressed in Saturday’s edition of German newspaper Suddeutsche Zeitung the lack of a long-term vision in Europe.

The IMF managing director also spoke in favor of a European banking watchdog, of common guarantees for bank deposits, and of a so-called “debt repayment accord” as proposed by German experts, while expressing her confidence that Greece will overcome the crisis.

Lagarde reiterated that what she said last month in an interview to The Guardian newspaper was misunderstood: “I said that I feel great respect for the sacrifices the Greek people are making to overcome the crisis. I also said that I am sorry that my observations [about Niger] were misunderstood and hurt some people’s feelings. That was not my intention.

“In the last few years we support Athens very warmly and we are aware of the difficulties Greece has been going through. We continue to believe that the country will get over the crisis and have a better future, when all parties involved take the appropriate measures as they are supposed to. I assure you that the IMF, just like myself, are fully supporting Greece.” » | ekathimerini.com | Saturday, June 09, 2012

June 06, 2012

Christine Lagarde: Grand Vision Still Needed to Address Global Economic Problems

Confidence in the global economic recovery depends on greater political decisiveness and a bolder collective approach to policy, says International Monetary Fund Managing Director Christine Lagarde. Reuters Global Editor Chrystia Freeland caught up with Lagarde at a conference in Riga, Latvia for this edition of The Freeland File. (June 6, 2012)

May 27, 2012

La Grèce choquée par la sévérité de Christine Lagarde

LE FIGARO: Le pays se déclare humilié par les propos de la patronne du FMI, qui leur fait porter la responsabilité de leurs difficultés. Les Grecs veulent un mea culpa, mais la dirigeante refuse de céder. Pendant ce temps, l'incertitude politique persiste.

«Avez-vous simplement songé que nous étions à court d'argent?». Les réactions fusent de toutes parts en Grèce, au lendemain de la sévère interview donnée par Christine Lagarde au quotidien britannique The Guardian, sur la situation de la péninsule hellénique, et les difficultés rencontrées au quotidien par ses citoyens.

Ce message, laissé comme près de 3000 autres sur la page Facebook de la directrice du Fonds monétaire international (FMI), illustre l'indignation des Grecs face à l'intransigeance de la dirigeante. Dans cet entretien publié hier, Christine Lagarde estimait qu'une partie des Grecs, en tentant d'échapper systématiquement aux impôts, était responsable de la dégradation des conditions de vie dans le pays. Et face aux révoltes populaires, celle-ci se déclarait plus préoccupée par le sort des enfants d'Afrique que par celui des Grecs. » | Par Olivia Derreumaux | dimanche 27 mai 2012

Related »

My comment:

Christine Lagarde comes over as a very cold, hard, self-possessed, aggressive, and ambitious woman. How someone without a specialty in economics could be given this position beats me. She's a generalist in a specialist's role. Her comments about the Greeks' plight were harsh and cruel. In particular, her comments about Greek children showed a level of heartlessness which was surprising, especially coming from a woman. Her words will not endear the Greeks to her, and they won't endear many others to her either. Comparing the conditions children in African schools have to put up with is totally irrelevant to the Greek question; and in any case, not being able to put food in your child's stomach is hardly comparable to three children in Africa having to share a chair in school. – © Mark

This comment also appears here

May 22, 2012

Christine Lagarde Tells Britain to Step Up Recovery Plan

THE DAILY TELEGRAPH: The Bank of England should cut interest rates, print more money and ease the regulatory pressure on banks as part of a radical set of measures to return Britain to recovery, the International Monetary Fund has urged.

Warning that weak growth was putting the country at risk of permanently high unemployment, the Bretton Woods institution called for swift and co-ordinated action between the Bank and the Treasury.

If the joint efforts had failed to have much effect by November, the Government should then consider cutting taxes and boosting infrastructure spending by as much as £30bn, said the IMF.

In an unusually alarmist annual assessment of the UK, IMF managing director Christine Lagarde said that "growth is too slow and unemployment too high, and policies to bolster demand before low growth becomes entrenched are needed".

However, she stressed that austerity had been the right course for the UK, applauding George Osborne as "courageous" and insisting that fiscal stimulus should only be considered as a last resort.

"When trying to imagine what the situation would be like today if no such fiscal consolidation programme had been decided, I shiver," she said. » | Philip Aldrick, Economics editor | Tuesday, May 22, 2012

December 16, 2011

Are We Really Heading for a Second Great Depression?

GUARDIAN – ECONOMICS BLOG: IMF chief Christine Lagarde is right to be worried about potential economic doomsday scenarios – but the Europe of 2011 is very different from that of the 1930s

Soup kitchens. Dole queues. Jarrow marches. Bank failures. Trade wars. Falling prices. Desperate poverty. Dust bowls. Fascism. The long descent into war.

That was the 1930s, and it was the world conjured up by Christine Lagarde, the managing director of the International Monetary Fund on Thursday night.

A failure of the international community to co-operate to sort out Europe's sovereign debt crisis risked, she said, "retraction, rising protectionism and isolation. This is exactly the description of what happened in the 1930s and what followed is not something we are looking forward to."

Clearly not. But is Lagarde right? Are we really heading inexorably into a second Great Depression? Or is the head of the IMF, unwisely perhaps, making us all feel more depressed than we need to be?

There are certainly reasons to be concerned about the state of the world.

To the extent that a depression can be defined as a prolonged period of sub-trend growth, then what we have experienced since 2008 has been a depression.

Many countries – including Britain – have struggled to recover from the collapse of asset-price bubbles – and now face the prospect of double-dip recessions. Read on and comment » | Larry Elliott, economics editor | Friday, December 16, 2011

December 15, 2011

IMF Warns That World Risks Sliding into a 1930s-style Slump

THE GUARDIAN: Christine Lagarde calls for global unity to tackle financial crisis as French launch verbal broadsides at David Cameron and UK

The world risks sliding into a 1930s-style slump unless countries settle their differences and work together to tackle Europe's deepening debt crisis, the head of the International Monetary Fund has warned.

On a day that saw an escalation in the tit-for-tat trade battle betweenChina and the United States and a deepening of the diplomatic rift between Britain and France, Christine Lagarde issued her strongest warning yet about the health of the global economy and said if the international community failed to co-operate the risk was of "retraction, rising protectionism, isolation".

She added: "This is exactly the description of what happened in the '30s and what followed is not something we are looking forward to."

The IMF managing director's call came amid growing concern that 2012 will see Europe slide into a double-dip recession, with knock-on effects for the rest of the global economy. "The world economic outlook at the moment is not particularly rosy. It is quite gloomy," she said. » | Larry Elliott, Heather Stewart and Nicholas Watt | Thursday, December 15, 2011

To call what happened in the 1930s a “slump” is a bit of a stretch and a misnomer, to say the least. The 1930s was characterized by a 'full-on' depression. The terms “slump” and “double-dip” are far too mild to describe the dire economic situation experienced during that period in history. The IMF and these politicians need to get their facts straight. – © Mark

June 25, 2011

Christine Lagarde défend sa candidature devant le FMI

REUTERS FRANCE: WASHINGTON - Christine Lagarde a défendu pendant trois heures jeudi sa candidature à la direction générale du Fonds monétaire international (FMI).

La ministre française de l'Economie, favorite pour le poste face au Mexicain Agustin Carstens, est sortie souriante de sa réunion avec les membres du conseil d'administration de l'institution.

A sa sortie, devant la presse, elle a expliqué, en anglais, avoir plaidé "pour un Fonds plus réactif, certainement plus efficace et plus légitime". » | Reuters | Vendredi 24 Juin 2011

June 09, 2011

Christine Lagarde's Victory a 'Done Deal' Says IMF Rival

THE DAILY TELEGRAPH: Christine Lagarde's appointment as IMF Managing Director is a "done deal", Grigori Marchenko, the IMF candidate backed by the former Soviet block, has said, as he prepares to back out of the race as early as Friday evening.

"There's a lot of information coming from different sources which is implying that there's agreement between G8 countries about support for Madame Lagarde, and if countries which together have more than 60pc of the vote have agreed to support one candidate, then it's more or less a done deal," Mr Marchenko, who heads the National Bank of Kazakhstan, said in an interview with The Daily Telegraph.

Mr Marchenko, an economist educated at the US's Georgetown University, said that G8 countries may have agreed to back the French finance minister, even before the sudden resignation of Dominique Strauss-Kahn, who was expected to leave in July to campaign in the French presidential elections.

"Whether this deal was reached several months ago, or whether it was reached in May in Deauville in France, it's pretty clear the deal has been reached," he said, speaking from his offices in Almaty, Kazakhstan's commercial capital. » | Richard Orange, Almaty, Kazakhstan | Thursday, June 09, 2011