Wednesday, June 29, 2011

French Finance Minister wins IMF top job

By Khanyisa Tabata
29 June 2011

France's Christine Lagarde has been named the first-ever woman to lead the International Monetary Fund.

The IMF board chose her over Mexican central bank governor Agustin Carstens.

Lagarde faces immediate crisis talks over Europe, and must overcome the legacy of former managing director Dominique Strauss-Kahn's arrest on sexual assault charges.

She takes over as a worsening debt crisis in Greece is rattling financial markets worldwide.

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