Lagarde eyes $400 billion rise in IMF funds this week

IMF chief Christine Lagarde hopes to gain broad consensus on a more than $400 billion rise in the fund's firepower this week, an Italian newspaper on Tuesday quoted her as saying, though it may take some ...

IMF chief Lagarde appears in court in French fraud probe over arbitration deal PARIS (AP) — International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister.

The eurozone finance ministers postponed agreement on the next Greek deal following a rare public feud between IMF chief Christine Lagarde and "Liar-in-Chief" Jean-Claude Juncker, chair of the eurogroup of finance ministers. Recall that Juncker once publicly stated "When it Becomes Serious, You Have to Lie".

The head of the International Monetary Fund urged members Tuesday to lend more than $400 billion to the global body ahead of a crunch meeting to debate crisis financing.Asked by German daily Frankfurter Allgemeine Zeitung how much the IMF would need in additional firepower should more eurozone countries require a bailout, Christine Lagarde said: "400 billion dollars plus" (305 billion euros)."My hope is that we will get a critical mass this week," added Lagarde in comments published in German.

In a follow-up to investigations over alleged wrongdoing surrounding a EUR285mm payout by the then French finance minister and now IMF head, The Telegraph reports, Christine Lagarde's Paris flat has been raided. The fresh (if you're an orange) faced IMF Chief, of course, denies any wrongdoing in the case of a huge 2008 compensation payment to businessman supporter of ex-President Sarkozy.

IMF chief Christine Lagarde says IMF ready to help Spain. The International Monetary Fund stands ready to help Spain in multiple ways if Madrid seeks its aid, IMF chief Christine Lagarde said in a newspaper interview published on Wednesday.

China would back France's Finance Minister Christine Lagarde to head the International Monetary Fund, chief French government spokesman Francois Baroin said Tuesday."The Chinese are favorable to the candidacy of Christine Lagarde," Baroin, who is also France's budget minister, told Europe 1 radio, adding that it was too soon to know whether Lagarde would be a candidate.