French Finance Minister Christine Lagarde, whose sights are set on the top job at the International Monetary Fund, said on Saturday in Saudi Arabia she was "full of confidence.""I am very confident," Lagarde told journalists in Jeddah, the economic capital of the world's top oil exporter, after "satisfying" meetings with King Abdullah and her Saudi counterpart, Ibrahim Assaf.Lagarde "is very competent and well-known as a successful minister... we must choose the right person to head (the IMF) without consideration for nationality, language or country," Assaf said.
It was over a year ago when we reported that a French court has put Christine Lagarde, head of the International Monetary Fund, under a formal probe for negligence in a corruption investigation involving famous financier Bernard Tapie, dating back to her days as finance minister.
Felix Salmon submits: It now seems more likely that Dominique Strauss-Kahn will end up in a prison cell than that he will be elected president of France. Either way, his career at the IMF is over, which means that the race to succeed him is on.