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1. He¡¯s a publicity hound who wants to be a pop-culture icon.
Many economists say she is too soft on banks. Zingales criticizes Lagarde as reluctant ¡°about taking a pound of flesh from creditors¡± of struggling governments. Simon Johnson, a former IMF chief economist, complains that she opposed higher capital requirements for banks. He laments that she has not embraced a restructuring of loans for Greece, calling her approach ¡°extend and pretend¡± to avoid forcing large write-offs at French banks.
That New Year¡¯s pledge to shed a few extra pounds and kick up the exercise regimen might be best followed by a cold, frothy beer
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