EU's Barroso 'fully endorses' Lagarde IMF candidacy

25th May 2011, Comments 0 comments

The head of the European Commission, a key player in the ongoing euro crisis, gave his fullest backing on Wednesday to French finance minister Christine Lagarde's freshly-announced candidacy to lead the IMF.

"I fully endorse the candidacy of Mrs Christine Lagarde for the post of Managing Director of the International Monetary Fund," commission head Jose Manuel Barroso said in a statement released moments after Lagarde announced her decision to run.

Barroso said Lagarde carries the respect of the international community as Europe seeks to build a consensus around a single candidate to replace fallen fellow Frenchman Dominique Strauss-Kahn at the Fund.

The commission, Barroso added, "believes that the qualities of Mrs Lagarde, as well as her engagement on the strengthening of global economic governance, is indispensible to accomplish the mission of the IMF and its vital contribution to the stability of the international economy."

© 2011 AFP

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