Christine Lagarde

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France's Finance Minister Announces Bid to Head IMF

Christine Lagarde will seek to replace Dominique Strauss-Kahn

(Newser) - French Finance Minister Christine Lagarde, considered the frontrunner to replace Dominique Strauss-Kahn as head of the IMF, announced today she does in fact want the job. Lagarde is backed by many European countries including Germany and Britain . Yesterday, developing nations issued a statement urging the IMF to abandon its longtime...

Britain, Germany Back Lagarde as New IMF Boss

French finance minister appears to be the frontrunner

(Newser) - When it comes to replacing Dominique Strauss-Kahn at the IMF, French Finance Minister Christine Lagarde appears to be the leading candidate. Britain and Germany are the latest in the chorus of countries calling for her to replace fellow Frenchman Strauss-Kahn, who resigned last week amid charges of sexual assault. German...

Sarko to French Pols: Put Down the Croissants

French government gets the fitness bug after president loses 15 pounds

(Newser) - Nicolas Sarkozy has lost 15 pounds since he married Carla Bruni, subsisting on a diet of cottage cheese, fruit compote, and bottled water—and he's not the only one in the French government who's slimming down. As the Times of London reports, Sarkozy is pressuring his ministers to lose weight,...

France, Germany Pull Out of Recession

(Newser) - The two largest economies in Europe pulled out of the recession last quarter, with Germany and France both posting 0.3% growth between April and June, reports the Wall Street Journal. The figures were far better than expected, and the French finance minister described the result as "very surprising....

France's Finance Chief to Play Key Summit Role

French finance minister takes center stage at G20 summit

(Newser) - This weekend's emergency G20 summit will bring together world leaders with very different ideas of how to fix the global economy. But while heads of state and government talk in front of the cameras, one woman will be key in building a consensus: Christine Lagarde, the French finance minister....

French Counterpart Calls Paulson Out on Lehman

Lagarde blames treasury sec's decision for increased global turmoil

(Newser) - Henry Paulson's decision to let Lehman Brothers collapse was "horrendous," his French counterpart said today. Christine Lagarde told a radio interviewer that "for the equilibrium of the world financial system, this was a genuine error." Lagarde added that her government would support financial institutions threatened with...

French Economy Enters Recession

After Ireland, it's the second EU nation in economic trouble

(Newser) - France has entered a recession. The national statistics agency projects that the economy will contract by 0.1% in the third and fourth quarters of 2008, meeting the generally accepted definition. Finance Minister Christine Lagarde blamed the troubles on high oil prices, the strength of the euro earlier this year,...

France Shudders at Bank Bailout of Its Own

(Newser) - As the financial crisis ripples through Europe, France’s banking industry is scrambling to assure investors and customers it will weather the storm, which prompted the country to join in the $9-billion bailout of Belgian-French bank Dexia, reports the Press Association. Dexia's cross-border status amplified the concern, reports the New ...

Dollar Soars to Biggest Weekly Gain in 3 Years

Greenback posts record advances ahead of G8 meeting

(Newser) - The dollar posted its biggest gain in almost 3 years this week, soaring 2.5% against the euro and 2.8% against the yen. This morning in London the dollar was trading at $1.54 against the euro, with analysts predicting a rise as high as $1.45 by year's...

Breakup Rumors Swirl Around SocGen
Breakup Rumors Swirl Around SocGen
Jan 29, 2008 12:11 PM CST

Breakup Rumors Swirl Around SocGen

Fraud-plagued French bank may be too big for single bidder

(Newser) - Wounded Société Générale is looking more and more like a takeover target, prompting France's prime minister to jump into the fray today and say the government would defend the country's second-largest bank against hostile raids, the Wall Street Journal reports. With a $7.1 billion loss from...

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