Much comment that a European should no longer be the automatic choice to head the IMF. This is in part because the BRICS have far more foreign exchange reserves than Europe, and partly because (spendthrift but comparatively well off) eurozone countries are likely to be among the biggest supplicants - and with no prospect of paying the IMF's loans back.
The case of Christine Lagarde
is worse - she said last December
We violated all the rules because we wanted to close ranks and really rescue the euro zone…The Treaty of Lisbon was very straight-forward. No bailout.
Like a typical eurocrat, Christine Lagarde spits in the faces of european voters.
She is against democracy.
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