Christine Lagarde on Tuesday became the first woman to be appointed to the helm of the International Monetary Fund, taking on one of the most powerful positions in global finance as a worsening crisis in Greece threatens the euro currency union and rattles financial markets worldwide.
France’s Lagarde Named New Head of I.M.F. |
|
June 28, 2011
Christine Lagarde on Tuesday became the first woman to be appointed to the helm of the International Monetary Fund, taking on one of the most powerful positions in global finance as a worsening crisis in Greece threatens the euro currency union and rattles financial markets worldwide.
Her victory was sealed when the U.S. Treasury secretary, Timothy F. Geithner, said the United States would endorse her over the Mexican central bank governor Agustín Carstens — her only competitor for the job. “Minister Lagarde’s exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy,” Mr. Geithner said in a statement.
Related Links
