French lady Christine Lagarde up for trial

French celebrity Christine Lagarde is to be brought to trial for the possible role she appears to have played in enabling the payment of huge indemnities to the French business man Bernard Tapie.

Brilliant French lady becomes IMF chief

This afternoon, Christine Lagarde was still in Paris, working at her everyday job as minister of Finance in the government of François Fillon. When a French TV news phoned her concerning the imminent announcement of her appointment as head of the International Monetary Fund [IMF], Lagarde replied with typical elegance that she was hoping that the announcement would be made in time for the evening TV news, so that she would be able to share her limelight with another splendid French woman: the Socialist chief Martine Aubry, who had indicated today that she would be a French presidential candidate. Lagarde's behavior was exemplary in a gentlewomen's spirit, in that Aubry is an opponent of Nicolas Sarkozy, who could be considered (up until today) as Lagarde's superior.

[Click the photo to access an Al-Jazeera video announcing Lagarde's appointment.]

I was surprised and disappointed to learn that my native country, Australia, had backed the Mexican candidate Agustin Carstens for this job. At a moment when the eyes of the world are turned towards the financial problems of Greece, in the context of the European Union, I believe that Australia's choice reflects the political naiveté and lack of economic vision of prime minister Julia Gillard and her advisors.