Minister of Finance Yuval Steinitz today announced that he supports French Finance Minister Christine Lagarde for the post of IMF managing director - unless Governor of the Bank of Israel Prof. Stanley Fischer decides to run for the job. Steinitz's remark means that he does not rule out Fischer resigning from the Bank of Israel.
Largarde formally announced her candidacy for the post earlier today.
Steinitz met Lagarde today at the sidelines of the G8 summit in Deauville, France. He also met Greek Finance Minister George Papaconstantinou to discuss Greece's debt crisis, and Norwegian Finance Minister Sigbjørn Johnsen to discuss how Norway handles its oil and gas reserves.
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