The liberal media reacted to Lagarde’s nomination as Managing Director of the IMF and “rock star” of international finance with nothing less than fervour. With her political acumen, poise, experience, and strong contacts in international banking, she is widely regarded as “the right choice” to lead the European Central Bank and “exactly what Europe needs” during these trying times. In addition, Lagarde is a woman who is set to shatter yet more glass ceilings. She was the first to hold the top position at the international law firm Baker McKenzie, to run the IMF, to become the finance minister of a G7 nation, and more. An extraordinary person by all standards who, in contrast to other appointments, might initially seem spotless.
However, unlike other appointees who are marred by accusations of misconduct, Christine Lagarde was found guilty for her involvement in the Tapie Affair, a protracted political scandal in which the French government was defrauded of almost half a billion euros through a manipulated arbitration. As finance minister at the time, Christine Lagarde sanctioned a substantial payment to French business magnate Bernard Tapie and declined to challenge the arbitral ruling.
This was done against the advice of her advisors and in the face of grave accusations of corruption, which ultimately resulted in the revocation of the award. Largarde was found guilty of gross criminal negligence causing the misuse of public funds, as part of what is widely believed to be a covert agreement between Tapie and Sarkozy including a substantial payout in exchange for political support. This was done against the advice of her advisors and in the face of grave accusations of corruption, which ultimately resulted in the revocation of the award. Largarde was found guilty of gross criminal negligence causing the misuse of public funds, as part of what is widely believed to be a covert agreement between Tapie and Sarkozy including a substantial payout in exchange for political support.
Lagarde did not receive a formal punishment because of her “international reputation” and the “context of global financial crisis,” as is all too common with white-collar establishment criminals. This led to intense controversy in France and further validated Jean de la Fontaine’s dictum that “selon que vous serez puissant ou misérable, les jugements de cour vous rendront blanc ou noir.” However, it was determined beyond a reasonable doubt that she was criminally liable, and her actions were considered a “decisive cause” in the scheme to deceive the French government.
Why Christine Lagarde’s appointment as President of the European Central Bank is illegal (2)
The liberal media reacted to Lagarde’s nomination as Managing Director of the IMF and “rock star” of international finance with nothing less than fervour. With her political acumen, poise, experience, and strong contacts in international banking, she is widely regarded as “the right choice” to lead the European Central Bank and “exactly what Europe needs” during these trying times. In addition, Lagarde is a woman who is set to shatter yet more glass ceilings. She was the first to hold the top position at the international law firm Baker McKenzie, to run the IMF, to become the finance minister of a G7 nation, and more. An extraordinary person by all standards who, in contrast to other appointments, might initially seem spotless.
However, unlike other appointees who are marred by accusations of misconduct, Christine Lagarde was found guilty for her involvement in the Tapie Affair, a protracted political scandal in which the French government was defrauded of almost half a billion euros through a manipulated arbitration. As finance minister at the time, Christine Lagarde sanctioned a substantial payment to French business magnate Bernard Tapie and declined to challenge the arbitral ruling.
This was done against the advice of her advisors and in the face of grave accusations of corruption, which ultimately resulted in the revocation of the award. Largarde was found guilty of gross criminal negligence causing the misuse of public funds, as part of what is widely believed to be a covert agreement between Tapie and Sarkozy including a substantial payout in exchange for political support. This was done against the advice of her advisors and in the face of grave accusations of corruption, which ultimately resulted in the revocation of the award. Largarde was found guilty of gross criminal negligence causing the misuse of public funds, as part of what is widely believed to be a covert agreement between Tapie and Sarkozy including a substantial payout in exchange for political support.
Lagarde did not receive a formal punishment because of her “international reputation” and the “context of global financial crisis,” as is all too common with white-collar establishment criminals. This led to intense controversy in France and further validated Jean de la Fontaine’s dictum that “selon que vous serez puissant ou misérable, les jugements de cour vous rendront blanc ou noir.” However, it was determined beyond a reasonable doubt that she was criminally liable, and her actions were considered a “decisive cause” in the scheme to deceive the French government.