Economics
France’s Le Maire Calls for Europe Compromise on IMF Leader
- Bank of France governor isn’t in the running, spokesman says
- French minister says government policies are ‘right direction’
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French Finance Minister Bruno Le Maire said he hopes European countries will be able to reach a compromise on the region’s best candidate for the post of managing director of the International Monetary Fund.
Outgoing IMF head Christine Lagarde was picked this week to become president of the European Central Bank once Mario Draghi leaves on Oct. 31. The Frenchwoman was the 11th consecutive managing director to come from Europe.