Lagarde's WEF Appointment Hinges on Ties with Schwab

The World Economic Forum (WEF) is still in talks to appoint Christine Lagarde as its next chair, despite some tension between her and WEF founder Klaus Schwab. According to sources, Lagarde appears ready to take on the role but wants to ensure that any lingering issues with Schwab are fully resolved.

The European Central Bank head's potential appointment was discussed at a recent meeting of the WEF board, which suggests that she is being seriously considered for the position. However, it's unclear what specific steps would need to be taken to address Lagarde's concerns about her relationship with Schwab.