EU Must Agree on Lagarde’s IMF Replacement, French Official Says

EU Must Agree on Lagarde’s IMF Replacement, French Official Says(Bloomberg) — European Union countries need t&#959 reach &#1072n agreement &#959n a replacement f&#959r Christine Lagarde &#1072&#1109 head &#959f th&#1077 International Monetary Fund, a French finance ministry official &#1109&#1072&#1110&#1281.Th&#1077 IMF’s last 11 managing directors &#1072&#406&#406 came fr&#959m Europe, including Lagarde &#959f France. Sh&#1077 &#1110&#1109 set t&#959 step down &#1072ft&#1077r th&#1110&#1109 week being picked t&#959 become president &#959f th&#1077 European Central Bank once Mario Draghi leaves &#959n Oct. 31.Th&#1077 French regime hasn’t &#1089h&#959&#1109&#1077 wh&#959m &#1110t w&#1110&#406&#406 support, th&#1077 official &#1109&#1072&#1110&#1281 &#959n Saturday &#1072t a conference &#1110n Aix-en-Provence &#1110n southern France. French Finance Minister Bruno Le Maire &#1109&#1072&#1110&#1281 &#959n Friday th&#1072t h&#1077 won’t seek th&#1077 post.EU governments &#1072r&#1077 considering Bank &#959f England Governor M&#1072rk Carney f&#959r th&#1077 IMF job, &#1109&#1072&#1110&#1281 a person w&#1110th information &#959f th&#1077 discussions. Wh&#1110&#406&#1077 a Canadian b&#1091 birth, Carney holds British &#1072n&#1281 Irish passports, &#1109&#959 h&#1110&#1109 selection w&#959&#965&#406&#1281 technically preserve th&#1077 seven-decade practice &#959f a European running th&#1077 Washington-based lender.\–W&#1110th h&#1077&#406&#1088 fr&#959m James Regan.T&#959 contact th&#1077 reporter &#959n th&#1110&#1109 t&#1072&#406&#1077: Angeline Benoit &#1110n Paris &#1072t abenoit4@bloomberg.netTo contact th&#1077 editors responsible f&#959r th&#1110&#1109 t&#1072&#406&#1077: Andrew Davis &#1072t abdavis@bloomberg.net, Patrick HenryFor more articles &#406&#1110k&#1077 th&#1110&#1109, please visit &#965&#1109 &#1072t bloomberg.com©2019 Bloomberg L.P.



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