Lagarde was placed under formal investigation in 2014 for negligence in a protracted legal drama pitting Tapie against a bank which he accused of defrauding him during his sale of sports clothing giant Adidas in the 1990s.
Hollande's popularity has sunk to 26 percent of those surveyed, the first time the BVA poll has seen a French president's approval ratings fall below 30 percent.
Lagarde was not accused of financially profiting herself from the payout and has denied doing anything wrong by opting for an arbitration process that enriched Tapie. With interest, the award amounted to 403 million euros.
Sunday's elections in Europe occurred in three countries with diverse economic circumstances (France, Germany, and Greece); and they were for different parts of government (presidential, regional, and parliamentary respectively).
Europe has been a little better on Thursday partly because Ben Bernanke hinted that he is ready to provide stimulus. Stephane Deo of UBS AG tells CNBC-TV18 how Europe is coping.
Nick Parsons, global head (FX Strategy) at National Australia Bank spoke to CNBC-TV18 about the happenings in Europe and how the markets is likely to react to news from there.
The US markets squeezed out small gains, adding to the previous week's robust rally, as investors turned their focus to fourth-quarter earnings season and as Merkel and Sarkozy discuss their rescue plan.
Julian Callow, chief European economist at Barclays Capital spoke to CNBC-TV18 about his expectations of market reaction to the euro summit.
"Merkel und Sarkozy wollen automatische Strafen für Schuldensünder." That's the headline for the news about Angela Merkel`s and Nicolas Sarkozy`s plan to rescue Europe in Germany's Der Tagesspiegel newspaper.
Treasury Secretary Timothy Geithner arrived in Germany on Tuesday for a three-day blitz of euro zone officials to urge them to take decisive action to backstop their currency union and resolve a crushing debt crisis.
Roger Nightingale of Roger Nightingale & Associates is not a hopeful man. According to him, the world economy has burned its wings. “I am afraid we are with absolute certainty in a recession. There is a great possibility of a depression too,” he says in an interview with CNBC-TV18.
Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long delayed reforms of pensions, labour markets and privatisation, senior EU sources said on Friday.
Angela Merkel and Nicolas Sarkozy, racing to stamp out the euro debt crisis threatening to engulf the financial system, gave themselves three weeks to devise a plan to recapitalize banks, get Greece on the right track and fix Europe’s economic governance.
Financial markets worldwide are seeing another bout of nervousness from investors, and according to Richard Harris of Quam Asset Management, this is because of poor global economic indicators.
Stocks and the euro rose on Friday after the leaders of France and Germany hinted at an aid deal to save fellow euro zone member Greece from default and avert another global crisis, but until an accord is reached a layer of anxiety is seen hanging over markets.
Germany wants Europe to postpone a new bailout deal for Greece to buy time for a compromise on involving private creditors that does not look like a climbdown that would entail political risks for Chancellor Angela Merkel.