French Economy Minister Bruno Le Maire said Saturday he wants “a European agreement on the best possible personality” to succeed Christine Lagarde at the head of the International Monetary Fund (IMF).
“Today France has taken no decision and no one can claim the support of France,” said Le Mayor to a few journalists on the sidelines of the Economic Meeting in Aix-en-Provence.
“The only thing I can say is that there has to be a European agreement,” added the minister who said he told Emmanuel Macron on Friday that he was not a candidate himself. this succession.
“It is the President of the Republic who will decide,” said Bruno Le Maire who will discuss with Emmanuel Macron this weekend, before the meetings of ministers of the EU and the eurozone Monday and Tuesday in Brussels.
Since its inception in 1944, Europeans have led the IMF, while the World Bank has always been chaired by an American. Five of the 11 leaders of the IMF were French nationals.
Several French names have been circulating since the appointment of Christine Lagarde at the European Central Bank (ECB), including European Commissioner for Economic Affairs Pierre Moscovici, Benoit Coeuré, a member of the Executive Board of the ECB, and Franco-Ivorian Tidjane Thiam, Director General of the ECB. Swiss credit.
There was also that of the Governor of the Bank of France François Villeroy de Galhau, but the latter informed his teams he was not a candidate.
“Some rumors would send me to the IMF now, I can confirm to you if I need it I am thrilled at the Banque de France and that I’m staying with you, we still have many ambitions to succeed together,” said the governor in an e-mail sent to his associates, which AFP has seen.
At the IMF, it names some voices after the Bulgarian Kristalina Georgieva, who was acting president of the World Bank, while others want to reform the fund and give more voice to emerging countries.
Former British Finance Minister George Osborne and Bank of England Governor Mark Carney are being referred to by the UK press as potential candidates. Mr. Carney has British but also Canadian and Irish nationalities, which could make him an EU candidate, including from the perspective of Brexit.
Mr. Le Maire explained that he did not want to seek the succession of Christine Lagarde for the sake of stability in his current position. “I said that for the first time in 30 years, I wanted to be the Minister of Economy and Finance in the long term which is the strength of Germany,” said Bruno. The mayor.
He added that “stability is key to the economic and financial power of France”.
Rowan Sinclair born and raised in NYC. She has written for Billboard, The Prague Post, and Passport Magazine. In regards to academics, Rowan earned his BBA from NYU. Rowan covers business and economy stories here at The Ticker Times.
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