Christine Lagarde damaged but able to limp on at IMF

Washington-based organisation's board had little appetite for what would be a fraught process to pick replacement managing director

Christine Lagarde has survived as managing director of the International Monetary Fund, which is clearly what the court in Paris wanted. The intention was to wound rather than to kill, to embarrass the former French finance minister but leave her in place.

Related: Christine Lagarde avoids sentence despite guilty verdict in negligence trial