Economics
Lagarde Successor at IMF Should Be European, Ministers Say
- Spain and France say they want to agree on an EU candidate
- Euro-area finance ministers are holding talks in Brussels
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The next head of the International Monetary Fund should be a European, the finance ministers of France and Spain said on Monday as governments started talks on Christine Lagarde’s succession.
“What we want in France is first to have a European Union candidate that can succeed Lagarde as the head of the IMF; secondly, we want to be able to take a decision quickly; thirdly, I want it to be a unique candidate, presented by the EU, without useless rivalries,” France’s Bruno Le Maire said in Brussels on Monday. Spain’s Nadia Calvino said it is a “priority” to appoint a European.