International Monetary Fund President Christine Lagarde says she would not object to to plans to turn the euro zone's bailout fund into a European Monetary Fund

(I'm struggling not to say 'who cares'? .... bear with me)

  • European Commission has suggested transforming the European Stability Mechanism (ESM) into a "European Monetary Fund"
  • Would be under parliamentary control
  • plan supported by France, Germany, and others

Lagarde in an interview with Swiss newspaper Tages-Anzeiger

  • "Why not?"

OK, that's it ... zzzzzzzzzzzzzz ... more here if you want it:

IMF chief says 'Why not?' to European Monetary Fund plan: paper

Lagarde and Merkel (Merkel in the news this weekend too)