PARIS - A campaign of seduction in emerging markets, Christine Lagarde has done very little to say about his solutions to the crisis in the euro area, however, his case will be the hottest if appointed to head the International Monetary Fund (IMF).
"It's quite natural for her to campaign towards the emerging markets, since it is his weak point," said the director of the Institute of European think tank Bruegel, Jean Pisani-Ferry.Quickly dubbed by the Europeans, "it does not need to campaign in Europe."
The French Minister of Finance chained visits Brasilia, New Delhi and Beijing to rally to its cause emerging powers annoyed that Europe will, once again, hold on to this position.
The Europeans have points to make: Greece, Ireland and Portugal represent 68.1% of the commitments of the IMF to its member states.Brussels therefore considers "legitimate", "given the current environment," one of his continues to lead the institution in Washington.
An argument disputed by the rival Christine Lagarde, the Mexican Agustin Carstens, who denounced a "conflict of interest" and notes that the Europeans have not demonstrated their ability to solve their problems.
The candidate is then mine does not play the card of their nationality.
In his application, May 25, the French did not mention once the debt crisis in the euro area, let alone Greece.It was not until the questions of journalists - Anglo-Saxon - that she admits that his "intimate knowledge" of workings EU could "help".
And in his letter to the Board of the IMF, Christine Lagarde evoke response "remarkable" the financial institution in Europe for the promise to extend to "other regions" face "to difficulties. "
Since then, while the Greek crisis is once again shaking the euro area, the minister merely tautological statements on the subject."We make every effort to Greece and I think it's important for the euro area", and she has merely said Thursday.
No one knows, then, what is its position on the Greek debt, on its possible rescheduling or restructuring, and a new bailout, many thorny issues that it finds on his desk to "managing director" if it is , as is likely, appointed in late June.
So far, the French minister that it is, like the IMF, were opposed to any form of default of Greece.But the lines are moving.
"She must have a public voice cautious when everything she says can be misinterpreted as the future position of the IMF," whispered one in the entourage of the Minister.
In addition, it should clarify its position vis-à-vis Europe.
For Jean Pisani-Ferry, near Dominique Strauss-Kahn, the Fund has become "an actor of European economic and political game", "a kind of external coordinator of the Euro in need of coordination."
The boss has resigned from the IMF has indeed played some mediators, particularly among German officials."The head of the IMF can influence the Europeans," acknowledges a European source.
"One of the first things that will make Christine Lagarde will be to redefine the Fund's position vis-à-vis Europe, to mark the limits to what the Fund can and can not do," said Jean Pisani-Ferry .The economist also predicted that the French will "inevitably" show its "independence from the European stance."
"It's quite natural for her to campaign towards the emerging markets, since it is his weak point," said the director of the Institute of European think tank Bruegel, Jean Pisani-Ferry.Quickly dubbed by the Europeans, "it does not need to campaign in Europe."
The French Minister of Finance chained visits Brasilia, New Delhi and Beijing to rally to its cause emerging powers annoyed that Europe will, once again, hold on to this position.
The Europeans have points to make: Greece, Ireland and Portugal represent 68.1% of the commitments of the IMF to its member states.Brussels therefore considers "legitimate", "given the current environment," one of his continues to lead the institution in Washington.
An argument disputed by the rival Christine Lagarde, the Mexican Agustin Carstens, who denounced a "conflict of interest" and notes that the Europeans have not demonstrated their ability to solve their problems.
The candidate is then mine does not play the card of their nationality.
In his application, May 25, the French did not mention once the debt crisis in the euro area, let alone Greece.It was not until the questions of journalists - Anglo-Saxon - that she admits that his "intimate knowledge" of workings EU could "help".
And in his letter to the Board of the IMF, Christine Lagarde evoke response "remarkable" the financial institution in Europe for the promise to extend to "other regions" face "to difficulties. "
Since then, while the Greek crisis is once again shaking the euro area, the minister merely tautological statements on the subject."We make every effort to Greece and I think it's important for the euro area", and she has merely said Thursday.
No one knows, then, what is its position on the Greek debt, on its possible rescheduling or restructuring, and a new bailout, many thorny issues that it finds on his desk to "managing director" if it is , as is likely, appointed in late June.
So far, the French minister that it is, like the IMF, were opposed to any form of default of Greece.But the lines are moving.
"She must have a public voice cautious when everything she says can be misinterpreted as the future position of the IMF," whispered one in the entourage of the Minister.
In addition, it should clarify its position vis-à-vis Europe.
For Jean Pisani-Ferry, near Dominique Strauss-Kahn, the Fund has become "an actor of European economic and political game", "a kind of external coordinator of the Euro in need of coordination."
The boss has resigned from the IMF has indeed played some mediators, particularly among German officials."The head of the IMF can influence the Europeans," acknowledges a European source.
"One of the first things that will make Christine Lagarde will be to redefine the Fund's position vis-à-vis Europe, to mark the limits to what the Fund can and can not do," said Jean Pisani-Ferry .The economist also predicted that the French will "inevitably" show its "independence from the European stance."
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