{"id":15618,"date":"2011-05-27T15:50:48","date_gmt":"2011-05-27T21:50:48","guid":{"rendered":"http:\/\/karmalised.com\/?p=15618"},"modified":"2011-05-27T15:50:48","modified_gmt":"2011-05-27T21:50:48","slug":"simon-johnson-the-problem-with-christine-lagarde","status":"publish","type":"post","link":"http:\/\/karmalised.com\/?p=15618","title":{"rendered":"Simon Johnson: The Problem With Christine Lagarde"},"content":{"rendered":"<p><strong>By Simon Johnson<\/strong><\/p>\n<p>Ms. Christine Lagarde, French finance minister, is the nominee of the  European Union for the recently vacant position of managing director at  the International Monetary Fund.\u00a0 The EU has just over 30 percent of  the votes in this quasi-election; the US has another 16.8 percent and  seems willing to keep a European at the fund if an American can remain  head of the World Bank.\u00a0 It should be easy for Ms. Lagarde to now travel  round the world engaging in some old-fashioned horse trading, along the  lines of: Support me now, and I or the French government will get you  something suitable in return, either at the IMF or elsewhere.<\/p>\n<p>The contest to run the IMF seems over before it has even really  begun.\u00a0 But Ms. Lagarde has a serious problem that may still derail her  candidacy, if there is ever any substantive, open, or transparent  discussion of her merits.\u00a0 There is major design flaw in the eurozone  and Ms. Lagarde is the last person that non-European governments should  want to put in charge of helping sort that out.<\/p>\n<p><a href=\"http:\/\/baselinescenario.com\/2011\/05\/26\/the-problem-with-christine-lagarde\/\"><strong>Click here to continue reading &#8220;The Problem With Christine Lagarde&#8221; by Simon Johnson<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Simon Johnson Ms. Christine Lagarde, French finance minister, is the nominee of the European Union for the recently vacant position of managing director at the International Monetary Fund.\u00a0 The EU has just over 30 percent of the votes in &hellip; <a href=\"http:\/\/karmalised.com\/?p=15618\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-15618","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pdXTf-43U","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/15618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15618"}],"version-history":[{"count":4,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/15618\/revisions"}],"predecessor-version":[{"id":15622,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/15618\/revisions\/15622"}],"wp:attachment":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15618"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}