1. Lagarde to Become Managing Director and Chairman of the IMF
... their next installment loans from the IMF and EU. Additionally, she lectured Greece's creditors, which consist mostly of French and German 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 ... rising economic powers in Asia and South Africa (Rooney...
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