Economics
Lagarde Gets Support From Europe, Former Rival for New IMF Term
- Germany, France, U.K. offer backing for ex-French minister
- Mexico's Carstens endorses after running against her in 2011
Will Lagarde Consider a Second Term at the IMF?
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Christine Lagarde picked up support from across Europe and a onetime rival for a second term as leader of the International Monetary Fund as part of a selection process that member nations intend to complete by early March.
Germany, France, the U.K. and Spain all came out on Thursday for Lagarde, whose current term ends on July 5. Lagarde said China was also backing her for a second term. Mexico’s central bank chief Agustin Carstens, who lost the contest with Lagarde to become IMF managing director in 2011, said he’s not running for the post now and that she deserves a chance to finish her work.