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Why I asked Christine Lagarde about Angela Merkel’s sex

June 12th, 2012
10:41 AM ET

By Christiane Amanpour

I’ve often talked to Christine Lagarde about the role of women in this very male-dominated world. Not just at the pinnacle of political power, but also at the top of the banking and business world.

During the financial crisis, for instance, Lagarde told me she thought that if there had been more women in positions of political and economic power, perhaps the financial crisis, bank collapses and very risky investments wouldn’t have been as dramatic.

She was not arguing for a brave new world of female domination! Just a bit more parity where it matters!

Lagarde was the first female chairman of Chicago law firm Baker & McKenzie. She was France’s first female finance minister (indeed the first female finance minister of any G7 country). And she is now the first female managing director of the International Monetary Fund, dispensing billions of dollars in loans around the world.

Lagarde says in all her decades of experience she has noticed a different negotiating tactic between men and women. Men tend to look at it as a zero-sum game, she says: ‘you have to lose in order for me to win.’ She said men bring a lot of ego and testosterone to the table. That is why she argues for more parity in the boardroom.

During the current global economic crisis, especially in the eurozone, we can’t ignore the lighting rod that German Chancellor Angela Merkel has become. I’ve seen her depicted as Nazi, and read the most horrible things written about her looks.

So in my latest interview with Christine Lagarde, I asked did she think that Merkel would be under this kind of personal attack and pressure if she weren’t a woman?


Filed under:  Christiane Amanpour
soundoff (24 Responses)
  1. Dom

    Is it wrong to say that men bring a lot of testosterone to the table because that is what they have in excess???

    June 12, 2012 at 10:42 am | Reply
    • FAHAD ZEBARI

      Now she has chance to use her ovaries to bring men to the right path?? then we will say ( SHE GOT OVARIES ) instead of ( HE GOT BALLS)

      June 12, 2012 at 11:04 am | Reply
      • alumette

        she is a great and classy woman who puts everyone at ease, in a comfortable way. I cannot believe they let her go. What a mistake.

        June 27, 2012 at 9:35 pm |
  2. eusebio Manuel Vestias pecurto

    Eu gostei do vosso comentario estas duas figuras publicas tem um caldeiro muito grande olhem eu gosto mais da Francesa eu até a acho um bocadinho simpática e até tem duas cores .A Germany é uma cobra isto é assim e assim será e quando ela vai para a cama a cobra não lhe morde essa cobra deve ser muito grande

    June 12, 2012 at 11:21 am | Reply
  3. Hülya Aslantas

    To my opinion, yes, even if merkel were a man, she would be under that much attack, because she follows the wrong policies. anybody having studied law will tell you, that if you can enter a contract, you can also exit the very same contract. this is true in business as well as politics. but what merkel is trying to do is to keep those under contract, who really had enough of the contract and simply want to exit it. in law that simply not intelligible. greece wants to exit, merkel says no. the only real reason for merkel to hinder greece's exit from the euro is that she wants the idea and the system of the euro to win, the currency itself is almost not that important anymore. but the idea of a euro-zone and the system of the euro-zone should not be questionable and, especially, it should not fail. that's what merkel's efforts are all about. those, who are aware of this fact, are the ones criticizing her most. she is trying to say that there is no exit out of the euro and that's legally simply not true. legally, any contract can be terminated if one side cannot fulfill the contract anymore for whatever reason. imagine somebody telling you, you cannot divorce or exit a work-contract... that's simply not possible that you shouldn't be able to divorce or to exit a work-contract...greece has a contract with the eurozone and should be let go if it wants to. but greece is sacrificed for the idea of the euro...and the only reason why the idea of the euro is held up is to have something against the us-dollar...if it weren't for the rivalry of the euro with the us-dollar the idea of the euro would be let go way faster and easier than one could possibly think of...but it's that hidden rivalry of the euro with the dollar that's makes merkel follow through the policies regarding the euro-crises which she now follows through. this in turn will probably lead her to that very point which sarkozy already experienced: she will probably loose the next general german elections, because her policies, especially regarding the so-called euro-crises, will draw her down...

    June 12, 2012 at 12:15 pm | Reply
    • Florian Steinhaus

      I am very sorry, but this is wrong on so many levels. Even if the reason for Angela Merkels efforts was the conservation of the current euro system, it is simply wrong that "law" (are you refering to a common or a civil law system?) always offers the possibility to exit contracts. On the contrary, this would undermine a basic principle of every legal system: legal certainty. If contracts were not binding, why even enter them? Of course this does not imply that you can never exit any contract. It is true that there may always be a possibility to terminate legal contracts. But if these possibilities do not have their basis in the contract itself (in common law countries) or if they do not result from regulations in written law (in civil law countries), for example the law of tenancy, you will have to pay damages for terminating the contract.
      In the case of Greece, the contract on the monetary union is the relevant regulation. For most European jurists it is evident that Greece would also have to leave the European Union if it left the Euro zone. So consequently Greece could leave the Euro. The price it had to pay would be incredibly high though. Regarding the reason for Angela Merkel not wanting Greece to pay this price, it is right to say that she does not want the Euro system to fail. This is however not a reason in itself! By saying so you are oversimplificating the situation by large! There is a large amount of mostly economic reasons why Greece (for its own sake) should not leave the Euro zone and they are all immensely interdependent.

      June 12, 2012 at 4:55 pm | Reply
    • Huber

      so what you are attempting to argue, is that (for example) if I took out a loan from a bank, i could decide to keep the money and end the contract? In life, if i dont pay may intrest rates, the bank will come and take my belongings. In greeces case, the other european countries, and not just germany but all who had a functioning financial system before the euro and still do, are attempting to reverse a cultural phenomenom of public overspending and tax evasion, while at the same time attempting to one day recieve their money back. Is it truly to much to ask, that when you are lent billions of euros, on a voluntary basis, that you can track how your money is spent and make sure, the situation improves?

      June 27, 2012 at 6:10 pm | Reply
    • SB

      Not entirely true! Greece doesn't want to exit euro. It wants to stay in Euro, take more in bailout Euros and not want to repay them. That should be unacceptable. It is easy to argue to let Greece exit Euro, and even having put aside the worries of another financial meltdown for those countries that lent to or invested in Greece, what about Greece itself? The country will be thrown in such utter chaos with a currency that is nothing more than a piece of paper, how will it ever repay those hefty bailout loans? In Euros!!

      June 29, 2012 at 6:26 am | Reply
  4. Hülya Aslantas

    rather pay damages to exit a contract than to be enslaved by it....

    June 13, 2012 at 6:16 am | Reply
  5. alexanrda

    The issue here is not that Merkel is a woman and that she is slurred because of that fact. The issue here is that Merkel is acting like a man at his worst ,even though she is a woman and people all over the world were hoping she'd act like a woman. Whe she declares," I want to see Greece bleed", she certainly doesn't sound like a woman, even though she looks like one. So, the whole issue is not that the world would be a better place if there were more women involved in decision making positions, but more importantly that the women that are indeed in these positions are behaving far worse that any man could ever even think of. It certainly seems that Merkel has forsaken every positive attribute nature has graced her wit,h because of her gender, all for the sake of being re- elected and becoming a steady figure in the German political scene for the years to come. In a word, vanity is not a matter of gender, it's a matter of personal weakness. And she has plenty of it, that's for sure.

    June 23, 2012 at 1:03 pm | Reply
    • Jeff

      Please, inform us as to when those comments about greece and bleeding were made. I was unaware.

      June 27, 2012 at 5:38 pm | Reply
    • SB

      As a woman expat, living in Germany, I feel that sometimes she needs to be less "like a woman" (compassionate and compromising) and be more "like a man" (strict and uncompromising). I think she is too nice to people who absolutely don't deserve so much kindness. Let's not forget the price tag of the compassion is also coming directly from my tax euros!

      June 29, 2012 at 6:31 am | Reply
  6. Jeff

    When did she say, "I want to see Greece bleed"?

    June 27, 2012 at 5:37 pm | Reply
  7. Jonaz

    "...men bring a lot of ego and testosterone to the table."

    That might be true, but women bring irrationality and feelings. What do you prefer?

    June 27, 2012 at 6:40 pm | Reply
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