Christine Lagarde has been the Minister of Economic Affairs, Finances and Industry of France since 2007. Lagarde is the first woman to become minister of Economic Affairs of a G8 country. The "Financial Times" named her as the best Finance Minster of the Eurozone. Born in Paris, she attended Le Havre (Seine-Maritime) and Holton Arms School (Bethesda, Maryland). After obtaining her Master's Degree she worked as William Cohen's congressional assistant at the United States Capitol.Why Do You Care?
Lagarde is playing a leading role in managing the global banking and Eurozone crises and, as the French Finance Minister, was the driving force behind authorizing Shari'ah compliant banks in France.
Now, despite the French supreme court recently opening an inquiry to her alleged abuse of office in connection with Bernard Tapie and the 1993 sale of Adidas, Lagarde appears to be the front-runner to replace Doninique Strauss-Kahn as the head of the International Monetary Fund (IMF).
Strauss-Kahn resigned this week to face charges in the United States that he attempted to rape a New York hotel maid.
In the Tapie case, there is suspicion that Lagarde may have shown favoritism in the 285 million euro sale of Adidas. Lagarde has downplayed her involvement.
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