Christine Lagarde on November 18 in Lima (Peru). ( AFP / MARTIN BERNETTI )
In this interview, Christine Lagarde, calls for the establishment of a growth more “inclusive”. According to the OECD definition, it is the idea according to which “economic growth is important but not sufficient to generate an increase in sustainable well-being”. This implies “an equitable sharing of the dividends of growth among individuals and social groups”.
THE global SYSTEM “NOT”CONVICTED”
For “address” in this “fight against inequality” the IMF has three levers : “the economic analysis, the monitoring, which allows us to provide advice and financing programmes for countries in severe difficulty, with recommendations,” she says. In the United States, “we have recommended the increase in the minimum wage”, she says. “It is a form of redistribution by the private system and the distribution by the Status of a supplementary income for households of the most modest.”
According to Christine Lagarde, the election of Donald Trump to the United States and the Brexit “have in common a desire to retreat within the borders” – by “the repatriation of production units either by a better control of immigration” – but this is not to say that it condemns an “economic system which is largely based on international trade”.
BY LEAVE OF the IMF DURING HER TRIAL
she said that She will leave the international organization, without having to completely cut ties, during his next trial in Paris (12 to 20 December), for “negligence” in a pane of the case Tapie. “I’m going to do what I would do if I was on vacation”, namely check his emails and respond to emergencies in the evening and at night, she says, noting that she does “not in the weightlessness of the global economy”. On the merits of the case, the director general of the IMF is happy to declare : “My lawyers will find the legal means to deal with this strange situation.”
The former minister of Economy and Finance, Nicolas Sarkozy is called before the CJR, the court of exception, mi-the parliamentary mid-court, that judge ministers for crimes and misdemeanors committed “in the exercise of their functions”. It must respond to “serious negligence” that allowed to misappropriate public funds.
These “negligence” would have occurred first when she was accepted in the fall of 2007 to have recourse to arbitration in an old dispute between Bernard Tapie and the former state-owned bank Crédit Lyonnais; then when the minister has decided, in July 2008, not to appeal against the decision of the arbitral tribunal. This award private had allocated € 404 million to the businessman.
This arbitration has since been cancelled for fraud on the civil level, and is the subject of a criminal proceeding still in progress, in which Bernard Tapie and the former director of the cabinet of Christine Lagarde at Bercy, Stéphane Richard, are examined. The co-investigating judges suspect a “sham” organized to promote the business man.