Economics

Lagarde Lauds Merkel Method as She Prepares to Become ECB Chief

  • Outgoing IMF chief praises Merkel role in promoting women
  • Lagarde comments in Leipzig speech ahead of parliament hearing

Angela Merkel greets Christine Lagarde as they arrive for a ceremony in Leipzig Aug. 31.

Photographer: Odd ANderson/AFP via Getty Images

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Christine Lagarde lavished praise on German Chancellor Angela Merkel for her “measured, methodical and well-tempered approach” to policy making in one of her first public speeches since winning her nomination to run the European Central Bank.