Wall Street Journal
February 16, 2011
French Finance Minister Christine Lagarde on Tuesday urged euro-zone members to stop criticizing a Franco-German pact aimed at boosting the competitiveness of the 17-nation currency bloc, and instead to make contributions to it.
French finance minister Christine Lagarde discussed plans to define indicators of global imbalances and the inclusion of the yuan in the basket of currencies making up the IMF's alternative reserve currency the Special Drawing Rights.
In an interview, Ms. Lagarde also entered the fray over who will be chosen as the next president of the European Central Bank, saying Jean-Claude Trichet's successor would be chosen on the basis of competence, rather than passport.
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