July 10, 2019 / 8:34 AM / 2 months ago

Berlin: Report on Franco-German agreement on Carney for IMF job lacks any substance

FILE PHOTO: Bank of England Governor Mark Carney speaks during an Inflation Report Press Conference at the Bank of England in the City of London, Britain May 2, 2019. Matt Dunham/Pool via REUTERS/File Photo

BERLIN (Reuters) - There is no foundation to a newspaper report that said Germany and France had agreed some time ago to support the Bank of England’s Mark Carney as a replacement for IMF chief Christine Lagarde, a German Finance Ministry spokesman said.

The Frankfurter Allgemeine Zeitung had on Tuesday reported that Berlin and Paris had originally agreed to support Carney with a view to him taking over at the Washington-based IMF in 2021, though this had been moved forward.

Lagarde was last week nominated to head the European Central Bank. Germany wants a European to become the next head of the IMF, the Finance Ministry spokesman said on Wednesday.

Reporting by Holger Hansen; Writing by Michelle Martin; Editing by Paul Carrel

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