SoylentNews is people
SoylentNews
The BBC reports:
A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence but did not hand down any punishment.
As French finance minister in 2008, she approved an award of €404m ($429m; £340m) to businessman Bernard Tapie for the disputed sale of a firm.
The IMF board said it retained "full confidence" in her leadership.
She said she would not appeal against the ruling: "There's a point in time when one has to just stop, turn the page and move on and continue to work with those who have put their trust in me."
The French government also confirmed its confidence in Ms Lagarde, who was reappointed to a five-year term at the IMF in February.
Also at the Wall Street Journal (paywalled).
This discussion has been archived.
No new comments can be posted.
French Court Finds IMF Chief Christine Lagarde Guilty of Negligence but Doesn't Impose Penalty
|
Log In/Create an Account
| Top
| 13 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
There's no such thing as an original sin.
-- Elvis Costello
(Score: 2) by Phoenix666 on Friday December 23 2016, @12:20PM
Brexit, Bitcoin, BRICs, Trump, Dominique Strauss-Kahn, and now this. It seems like the Bretton Woods system [wikipedia.org] has fallen on hard times. If it falls apart completely, does Pax Americana go too?
Washington DC delenda est.
(Score: 2) by inertnet on Friday December 23 2016, @01:37PM
Back when Dominique Strauss-Kahn got publicly shamed, he was on route to becoming the next IMF boss. At the time I wondered who would become the next chief, because that might be the one who made sure he would fall.
(Score: 2) by n1 on Friday December 23 2016, @05:46PM
BRICS and Bitcoin are the two things that are a threat to Bretton Woods (in some way)... Brexit and Trump are dependent on the system continuing as-is, and the IMF is much like the UN in that it's shielded from any serious criticism or scrutiny because it has a noble mission statement and it's technical position above/beyond national sovereignty. The idea is more important than the actual institution and is a convenient bureaucratic shield for destructive foreign and economic policy.
(Score: 2) by Bot on Saturday December 24 2016, @09:17PM
Watch the bigger picture, the term Revolution implies a return to initial conditions. We are in the return phase.
Account abandoned.