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A year ago, the American weekly wondered if Mario Monti could “save Europe” . Now it places its hopes on Christine Lagarde.
The head of the International Monetary Fund “is emerging as the counterpoint to the take-your medicine toughness of German Chancellor Angela Merkel”. She is at the forefront of the push to reform the EU and a strong advocate for banking union, adds the magazine, noting that the recent crisis in Cyprus revealed the “clashing visions” of the European Central Bank and IMF.
The ex-French finance minister must rely on her “personal charm and sharp intellect” to rally the rest of the IMF’s members and keep the group moving forward, it concludes.
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