29 Jun '11, 12am

[TODAY] Lagarde wins IMF job

PARIS - French Finance Minister Christine Lagarde yesterday clinched the top job at the International Monetary Fund (IMF), keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default. Ms Lagarde, who starts her five-year term as managing director next Tuesday, will find herself immediately immersed in efforts by the IMF and European Union to head off a Greek default that could touch off an international crisis. Minutes after her appointment, Ms Lagarde pressed Greece to move quickly to push through unpopular austerity measures that the IMF and European Union say are a prerequisite for further aid. "If I have one message tonight about Greece, it is to call on the Greek political opposition to support the party that is currently in power in a spirit of national unity," she told TF1 television. Ms Lagarde, 55, th...

Full article: http://www.todayonline.com/World/EDC110629-0000359/Lagard...

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