Embarrassing revelation for IMF's Lagarde

Saturday, May 18, 2013 Last Update: 9:32 AM ET

Community
Greece
Sports
International
USA
Cyprus
Opinions
Culture
Obituaries
Social
Classifieds

Embarrassing revelation for IMF's Lagarde

Daily Mail

AP Photo Oli Scarff, Pool
Christine Lagarde, the Managing Director of the International Monetary Fund, enjoys a tax-free income of £350,000, it has emerged days after she attacked Greeks for failing to pay their taxes.

The head of the International Monetary Fund enjoys a tax-free income of £350,000, it has emerged days after she attacked Greeks for failing to pay their taxes.

Christine Lagarde provoked a furious backlash after blaming Greece’ economic plight on citizens ‘who are trying to escape tax all the time’.

Now it has been revealed that the divorced Frenchwoman, 56, earns a salary of £298,926 which her contract states ‘shall be net of income taxes’.

Already a subscriber?
Sign in to read full article.
Not a subscriber?
Subscribe now and get full access!

Or... enter your email and start reading this article now:

May 30, 2012

Save article

5 readers comments


1. Philip Vorgias wrote on May 30, 2012 9:39 AM	Another hypocritical elite, how surprising-NOT.

2. Nicholas Kostopoulos wrote on May 30, 2012 9:41 AM	Lagarde should talk about paying a fair share in taxes. She is not taxed at all. Its funny that the IMF should talk since the leader of that two-faced organization pays nothing, nada, zero. This goes to what I have been saying that Greece should renegotiate its bailout to be more growth-oriented, or else leave the dreaded ECC. If Greece I am sure the dreaded domino effect will take hold in Europe. This will hurt Greece, but it will simply kill the ECC.

3. ARMODIOS PAPAGIANAKIS wrote on May 30, 2012 10:39 AM	…another shining bureaucratic example of who will “counsel” Greece about fiscal rectitude. Here’s what I posted several weeks ago: “…a partial list Greece’s responsible “Credit counselors”; Mario Draghi, ECB President, is a veteran of the World Bank, Goldman Sachs and was previously the governor of the (Central) Bank of Italy from January 2006 until October 2011. He diligently managed Italian monetary policy while Italy was building up its horrendous debt. Christine Lagarde, head of the IMF, was the French finance minister from 2007 to 2010 when France increased its public debt by about 50%. Finally, Lucas Papademos was the Governor of the (central) Bank of Greece from 1994 to 2002 and presided over Greece’s entry into the EU and subsequent transition from the drachma to the euro, and apparently, was totally oblivious to Greece’s (at that time) profligacy and economic smoke and mirrors. The same clueless clowns who have brought Greece and much of Europe to the brink of financial disaster are going to “save” Greece from “catastrophe”.

4. Philip Vorgias wrote on May 30, 2012 11:50 AM	When you look at the alternative-King Nitwit Tsipras-I'll go with semi-competent government officials, Armodios. There is a difference between tough times and utter catastrophe.

5. Niko Seretis wrote on May 30, 2012 3:39 PM	This big-mouth dead beat wench is in no position to judge Greece and the Greek people. Her statements will now bite her in the ass!
You must sign in in order to post a comment.