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    IMF Managing Director Christine Lagarde

    IMF Head May Lose Post Due to Greek Crisis

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    Christine Lagarde may lose her post as the head of International Monetary Fund.

    Due to the crisis in Greece, the head of the International Monetary Fund, Christine Lagarde, may lose her post, The Spectator wrote.

    Economists have accused Lagarde of ignoring the debt relief program for Greece for a long time, as well as ignoring analysts' opinions of creating a united front with the European Commission and the European Central Bank.

    As a former French finance minister, Christine Lagarde has allowed Europe’s political imperative — preservation of the euro at all costs — to overpower IMF principles.
    Hence, it is increasingly unlikely that Lagarde will be reappointed when her term ends next year.

    Related:

    Greece vs EU vs IMF: Debt Relief Calls Show Cracks in Creditors' Alliance
    Greece Disqualified From IMF Financing Until Repays Debt
    IMF Confirms Did Not Receive $1.7Bln Loan Repayment From Greece
    Tags:
    debt relief, analyst, economic crisis, European Central Bank, International Monetary Fund, Christine Lagarde, Greece
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