Ms. Christine Lagarde, outgoing Managing Director of the IMF has been appointed to the position of president of the European Central Bank (ECB) effective November 1, 2019
France’s president Emmanuel Macron acting on behalf of powerful banking interests was instrumental in Ms. Lagarde’s nomination. Praised by the Western media, Lagarde was also endorsed by Wall Street and the US Federal Reserve.
What media reports fail to mention is that Lagarde is a corrupt official involved in financial fraud. She has a criminal record.
Is the Eurozone in danger? Financial fraud is embedded at the highest levels of political and economic decision-making. A senior official in high office with a criminal record can easily be manipulated. Indelibly this will affect the way she manages the ECB, with potential impacts on the very fabric of monetary policy.
Lagarde’s appointment to head the ECB has not been a matter of debate or concern. EU citizens have not been informed.
She is an obedient instrument of the financial and banking establishment which controls both the IMF and the European Central Bank. The European Parliament is silent.
On December 20, 2016, A French court found IMF Managing Director Christine Lagarde guilty of “negligence” in relation to a multimillion Euro fraud while she was France’s Finance Minister in 2008. She is said to have approved “an award of €404m ($429m; £340m) transfer to businessman Bernard Tapie, [a crony of president Sarkozy] for the disputed sale of a firm.”