Business Maverick: Europe Set to Keep Hold of IMF Leadership as Lagarde Leaves

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

Business Maverick: Europe Set to Keep Hold of IMF Leadership as Lagarde Leaves By Tim Cohen tim_cohen

Christine Lagarde’s likely exit for the European Central Bank will fire up the debate over whether an emerging market candidate would be better suited to running the Washington-based lender. But officials from two key European governments said they anticipate pressing for continuity.

A Briton has never run the IMF and the new government may want to push a candidate as a way to buttress its post-Brexit standing on the world stage. Another London-based candidate could be Bank of England Governor Mark Carney, who is set to leave office next January and carries British, Irish and Canadian passports. The Bank of England decline to comment.Other contenders could include those who lost out to Lagarde in the race to replace Mario Draghi at the ECB. Bundesbank President Jens Weidmann has already worked as an economist at the IMF, though his office said Thursday hefor the IMF job.

He may face competition from home from former Finnish Prime Minister Alexander Stubb and Jyrki Katainen. Helle Thorning-Schmidt, the former Danish prime minister, has also been mentioned. Bulgarian Kristalina Georgieva, the chief executive of the World Bank, missed out on the presidency of the European Commission.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Be ‘Prepared for Anything’ as Trump Slams Europe, China on FXU.S. President Donald Trump’s latest accusation of currency manipulation has foreign-exchange analysts game-planning the administration’s next move.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: July 4: Five Things You Need to Know to Start Your DayChina trade talks resume as Donald Trump says Beijing and Europe are playing a “currency manipulation game.” Asia equity futures are higher after the Dow hits a record. And Boeing offers $100 million in “outreach” to Max crash victims’ families. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Be ‘Prepared for Anything’ as Trump Slams Europe, China on FXU.S. President Donald Trump’s latest accusation of currency manipulation has foreign-exchange analysts game-planning the administration’s next move.
Source: dailymaverick - 🏆 3. / 84 Read more »