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 Lagarde's position when she decided to take the dispute to arbitration?

What implications does Lagarde's conviction have for her role as Managing Director of the IMF?