Christine Lagarde, I.M.F. Chief, Is Found Guilty of Negligence


(From The New York Times)

Christine Lagarde, the managing director of the International Monetary Fund, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict that could force her out of her post.

Ms. Lagarde, who began her second five-year term at the I.M.F. in February, will not face any jail time, the judge said…

…The trial revived concerns in France about high-level corruption, shining a spotlight on intimate ties between politicians and businesspeople, and on the large sums that are sometimes used to grease the country’s political wheels.

As a general rule – the bigger the government, and France has massive government – the bigger the corruption. This is as close to a constant as there is in political science.

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