IMF's Lagarde Guilty of Negligence, Won't Face Jail Time

The transcript discusses Christine Lagarde's involvement in an arbitration case in France during her tenure as finance minister. Initially acquitted for referring the case to arbitration, the court later ruled that she should have appealed the arbitration award instead of accepting it. This led to her conviction for criminal negligence. The case involved a €400 million compensation related to a state-owned bank transaction. Despite the conviction, no sentence was imposed. The transcript also questions the impact of this conviction on Lagarde's role as the IMF's Managing Director, especially since she was reappointed with knowledge of the pending case.

What was the court's stance on Christine Lagarde's decision to refer the case to arbitration?

• It was ignored by the court.

• It was acceptable, but she should have appealed the award.

• It was deemed completely inappropriate.

• It was praised as the best decision.

What was the nature of the dispute involving Christine Lagarde when she was the finance minister?

• A company sale through a state-owned bank.

• A legal issue with international trade.

• A political disagreement with another minister.

• A personal financial scandal.

Why did Christine Lagarde choose arbitration over court proceedings?

• To avoid lengthy court battles.

• To gain more public attention.

• To ensure a higher financial award.

• To comply with international regulations.

What was the financial outcome of the arbitration case?

• €400 million in compensation.

• €300 million in compensation.

• €200 million in compensation.

• €100 million in compensation.

What concern was raised about Christine Lagarde's future as the IMF's Managing Director?

• Her lack of experience in finance.

• The pending case during her reappointment.

• Her decision to retire soon.

• Her plans to move to another organization.