1. Lagarde to Become Managing Director and Chairman of the IMF
... banks, on their ability to compromise (Rooney) "It must be done in a concerted, collective way," she said. "All the lenders must come to the bedside of Greece and Greece must itself take charge in a responsible manner" (Rooney). She is also a surprising successor because the IMF, which is made up of 187 member countries, traditionally votes for a Western European official. However, many developing nations were very happy about ... the change. They argued that the IMF should consider candidates from rising economic powers in Asia and South Africa (Rooney). "I will make it my overriding g...
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- Grade Level: Undergraduate