The board of the IMF expressed its confidence in Managing Director Christine Lagarde after the launch of a French inquiry into alleged abuses of power. Ms. Lagarde took over the IMF in 2011 and her office denies any wrongdoing. In 2007, Lagarde was involved in a dispute with French businessman Bernard Tapie and the bank […]
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Francois Hollande, fresh off of his victory over former French President Nicolas Sarkozy, declared during the campaign that the ‘world of finance’ is his enemy and now he has a chance to make good on his promises to dilute the power of the financial sector in French politics. Among his proposals include increasing taxes on […]
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