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...these unanswered questions, the vote of confidence given to the IMF partly reflects its performance over the past few months under Strauss-Kahn, a former French finance minister who made an unsuccessful bid for the French presidency before being appointed to the job. Since the U.S. investment bank Lehman Brothers collapsed in September 2008, the IMF has lifted its game and put together rescue packages totaling more than $50 billion for Hungary, Iceland, Latvia, Ukraine and other financially overstretched countries...

Author: /time Magazine | Title: International Monetary Fund 2.0 | 4/20/2009 | See Source »

...storm of controversy continued to rage on Monday, after Royal revealed that she'd written to Spain's Prime Minister José Luis Rodriguez Zapatero to apologize for the "insulting" comments Sarkozy purportedly made about the Spanish leader last week. On April 16, French daily Libération reported that Sarkozy had described Zapatero as "not very clever" during lunch with a group of legislators the previous day. According to the paper, he also made belittling comments about U.S. President Barack Obama and German Chancellor Angela Merkel, landing himself in the middle of an embarrassing international press frenzy. Addressing Sarkozy...

Author: /time Magazine | Title: Ségolène Royal: Sorry for Sarkozy Remarks | 4/20/2009 | See Source »

Love may mean never having to say you're sorry to those you hold dear, but it turns out apologizing is a pretty good way of cheesing off your enemies. Just ask French Socialist politician Ségolène Royal, who's infuriating foes on the right and left alike by making apologies for President Nicolas Sarkozy, the man who beat her out for the Elysée two years...

Author: /time Magazine | Title: Ségolène Royal: Sorry for Sarkozy Remarks | 4/20/2009 | See Source »

...Times of London's description of Sarkozy as a "bitchy little princess". Spain's ABC said Sarkozy's behavior confirmed frequent complaints in France that his "superiority complex has no limits." By midday Friday, the global coverage of Libération's report had come full circle, with French media like the daily Le Monde running stories about "The Arrogant Sarkozy Fingered By the International Press...

Author: /time Magazine | Title: Sarkozy's Comments on Leaders Draw Shock, Denial | 4/18/2009 | See Source »

Sarkozy also visibly swelled with pride beside Obama as he hosted the American to a rock star's welcome to NATO's 60th anniversary event. Now, his behind-closed-doors comments not only raise questions about Sarkozy's understanding of international diplomacy but leave the French president looking like the lightweight leader he says he sees when he looks at his peers...

Author: /time Magazine | Title: Sarkozy's Comments on Leaders Draw Shock, Denial | 4/18/2009 | See Source »

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