The bookies’ favourite for the suddenly vacant IMF Managing Director’s job is the very bright, willowy 55 year-old Christine Lagarde. The only obstacle in her way is the fact that she’s currently French Finance Minister. President Sarkozy needs her.
By training, Christine Lagarde is a lawyer with a Masters in Politics. She has spent time working in America, speaks perfect English and has been voted the best Finance Minster in a G8 country ( Financial Times).
If given the IMF job, she will bring some much-needed glamour and grit to what is arguably the world’s top banking job. She is more of an economist- politician than banker but but has the sort of no-nonsense rod of steel running through her which will doubtless help a worried world through the current economic upheavals.
She is well-liked by the international political and banking communities and has the credibility to talk to them as an equal.
Gordon Brown is an academic, an analytical and a history graduate. During his short tenure as unelected British Prime Minister he demonstrated a total lack of management and organisational finesse. He continues to delude himself that the ‘led the world’ out of the economic wilderness. Here in the United Kingdom, he left a trail of economic destruction which continues to look like the inspiration for the recent Japanese Tsunami – but with a longer recovery time. Brown’s legacy of incompetence and intransigence will continue to reverberate for at least another two generations.
His popularity within his own country plummeted and remains somewhere below the baseline. At the age of 60, he continues (wisely) to exist below the public’s radar. Unlike the roguish but still likeable Tony Blair, Gordon Brown’s name is never mentioned. He has morphed into the Voldemort of British politics.
In his favour though, he is very unlikely to attack a woman in a hotel room – because he comes across as someone who is frightened of women and was extremely lucky to have been chatted up by the sainted Sarah, otherwise, he’d still be ironing his own shirts.
The International Monetary Fund gig requires what one can describe an Economic Showman – a Personality – a ‘Sophisticat’ – a ‘Name’. An economist with a personality. (Sorry, Gordon).
Former Turkish Finance Minister Kermal Dervis, South African Trevor Manuel (we cannot possibly have someone named “Trevor” running the IMF! It’s alomost as bad as “Mervyn”!) and even Singaporean Tharman Shanmugaratnam are in the frame.
Off-stage, the Chinese, Brazilians and Turks are making anti-european noises . (Turkey has competed in the Eurovision Song Contest since 1975 but failed to qualify for this year’s competition)
Meanwhile, German Chancellor Angela Merkel is pushing for former Bundesbank head Axel Weber.
Christine Lagarde is odds-on!!
Goldman Sachs strikes again!!
It was GS who helped Greece to cook their books before Greece’s bid to enter the Euro. They were paid a very large fee for their economic culinary skills. We can all see the fallout of the GS ‘advice’ as Greece is exposed as a Third World economy which is only surviving because of IMF handouts.
Goldman Sachs wields an unfeasible amount of power in the United States Economy: CLICK HERE
Dr Ben Broadbent has just been confirmed as an external member of the Bank of England’s Monetary Policy Committee. His employer? He is senior European economist at Goldman Sachs.
Does the Goldman Sachs strategy include world domination?
That would be surprising, considering the mess that they managed to get themselves into in 2008.