IMF's Christine Lagarde Found Guilty In French Negligence Case | No Fine Or Jail Time

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IMF's Christine Lagarde Found Guilty In French Negligence Case | No Fine Or Jail Time

Even the prosecutor in the case against International Monetary Fund Managing Director Christine Lagarde described it as a weak one seriously lacking in evidence that Lagarde misused public funds as France's finance minister. Jean-Claude Marin wanted judges last Thursday that they were treading a fine line between the law and politics, being guilty themselves of confusing 'criminal negligence' with 'making a bad political decision'.

Nevertheless, Lagarde, who was formerly France's finance minister, was gound guilty of negligence, with no penalties. 

Gerry Rice, a spokesperson for the Washington-based IMF said the fund's executive board would meet later on Monday to consider options. The IMF is currently under scrutiny for its role in the Greek bailout and is deeply concerned about its future in a Donald Trump administration.

The New York Times writes that Lagarde's departure from the fund is considered unlikely, as the executive board has stood firmly behind her.

Updated: IMF Chief Christine Lagarde Will Keep Her Job Despite Conviction Fortune

US Ranks Poor 16th In 2015 Social Progress Index

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US Ranks Poor 16th In 2015 Social Progress Index

Writing for the New York Times, Nicholas Kristof cites key measures that matter to AOC readers.

The index ranks the United States 30th in life expectancy, 38th in saving children’s lives, and a humiliating 55th in women surviving childbirth. O.K., we know that we have a high homicide rate, but we’re at risk in other ways as well. We have higher traffic fatality rates than 37 other countries, and higher suicide rates than 80.

We also rank 32nd in preventing early marriage, 38th in the equality of our education system, 49th in high school enrollment rates and 87th in cellphone use.