Cops raid Lagarde's Paris home: not the headline the IMF needed

Christine Lagarde's appointment was meant to bring a fragrant new era post-DSK. What went wrong?

Christine LaGarde
(Image credit: Mandel Ngan)

PARIS – Is the International Monetary Fund regretting its decision to appoint as its new chief another French citizen? When Christine Lagarde replaced her compatriot, the disgraced Dominique Strauss-Kahn, as managing director of the IMF last year, it was hoped she would bring a more dignified approach to the position after her predecessor became embroiled in one sex scandal after another.

Lagarde certainly looks the part – she's a savvy, sophisticated woman who's regarded as one of the world's leading economists - but her image is in danger of being seriously tarnished after French police raided her Paris home on Wednesday as part of their ongoing fraud investigation into the activities of the controversial tycoon Bernard Tapie.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up