28 Jun '11, 10pm

France's Christine Lagarde named first-ever female chief of the IMF, faces immediate crisis in Greece.

France's Christine Lagarde named first-ever female chief of the IMF, faces immediate crisis in Greece.

The French finance minister, respected for her leadership during the financial crises that have shaken Europe over the past three years, was selected by the International Monetary Fund's executive board to take up the five-year job from July 5. -- PHOTO: REUTERS WASHINGTON - FRANCE'S Christine Lagarde was named on Tuesday the first-ever female chief of the IMF, faced with an immediate crisis as violent Greek protests rocked the stability of the euro zone. The French finance minister, respected for her leadership during the financial crises that have shaken Europe over the past three years, was selected by the International Monetary Fund's executive board to take up the five-year job from July 5. She replaces fellow countryman Dominique Strauss-Kahn, who resigned abruptly on May 18 after being arrested in New York for an alleged sexual assault. French President Nicolas Sark...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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