EU Commission president Jean-Claude Juncker appointed former French commissioner for financial services as chief negotiator in charge of negotiations with the UK. Michel Barnier, a 65-year old former French minister and vice-president in the previous Commission between 2010-14, was in charge of the internal market and services. He sought the job of EU Commission president in 2014, but the task was later given to Juncker, his rival in the conservative European People's Party. Barnier said in a tweet that he was “honoured to be entrusted” with the post. He added: "Rendez-vous for beginning of demanding task on 1 October." His official title will be "chief negotiator in charge of leading the Commission Taskforce for the Preparation and Conduct of the Negotiations with the United Kingdom" under Article 50 of the Lisbon Treaty. The UK has not yet triggered the exit procedure under Article 50, and British prime minister Theresa May suggested it is unlikely the UK will launch the process before the end of the year. Michel Barnier will report directly to Juncker and will have a team of experts at his disposal. He will be regularly invited to the the meeting of the commissioners to brief the college on the negotiations. Juncker said he wanted "an experienced politician for this difficult job", adding: "Michel is a skilled negotiator with rich experience in major policy areas." Most of the negotiations are nevertheless expected to be done by the council, representing member states. They will have to navigate through the difficult two-year negotiations and find a balance between the UK's access to the single market in exchange for some level of freedom of movement from and within the bloc. Barnier's France has been urging for a tough exit deal for Britain, as French president Francois Hollande faces challenge ahead of next year's presidential elections from far-right leader Marine Le Pen, who wants France to hold a referendum on its membership.
The head of the International Monetary Fund, Christine Lagarde, will stand trial over a state payout to the French tycoon Bernard Tapie, an appeals court has ruled. She is charged with negligence over the award to Mr Tapie of €404m ($445m; £339m) in 2008 when she was France's economy minister. Ms Lagarde had appealed against a lower court ruling from December. She is now expected to appear before a special court for government ministers. The case stems from Mr Tapie's sale of his majority stake in the sports equipment company, Adidas, which was handled by the state-owned bank, Credit Lyonnais. The businessman sued for compensation after claiming he was defrauded by the bank and received too little from the sale in 1993. Ms Lagarde was responsible for the rare decision to appoint an arbitration panel, rather than allowing the courts to decide on the dispute. She served as economy minister when President Nicolas Sarkozy was in office. Mr Tapie was a supporter of Mr Sarkozy and there were allegations this may have played a role in her decision. She has always denied any wrongdoing, saying she acted in the interest of the state and with respect for the law. After learning of the decision by France's highest appeals court, Ms Lagarde's lawyer, Patrick Maisonneuve, said he was convinced that the trial would show she was innocent. Reacting to the latest ruling, the IMF said the executive board continued to express confidence in her ability to carry out her duties and was being briefed on developments. Ms Lagarde, who was given a second five-year term as IMF managing director in January, is the third head of the organisation to face legal proceedings. For his part, Mr Tapie is currently appealing against a French court's decision to dismiss the settlement at the heart of the case.




