French Finance Chief Seeks IMF Job

Law360, New York (May 25, 2011, 6:40 PM EDT) -- French Finance Minister Christine Lagarde joined the race to become the next chief of the International Monetary Fund on Wednesday, vowing to focus on preserving the fund's legitimacy and effectiveness if chosen to replace Dominique Strauss-Kahn.

Lagarde's announcement, just a week after Strauss-Kahn resigned amid charges that he attempted to rape a hotel maid, makes her the second candidate to officially vie for the post, which has traditionally been held by a European.

"During the mandate of the next director general, the IMF must maintain and...
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