The New York Times
Tuesday, June 28, 2011 -- 1:52 PM EDT
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France's Lagarde Named New Head of I.M.F.
Christine Lagarde was selected Tuesday as the new managing director of the International Monetary Fund, taking on one of the most powerful positions in global finance as a worsening debt crisis in Greece rattles financial markets worldwide.
Treasury Secretary Timothy F. Geithner had announced earlier Tuesday that the United States would back Ms. Lagarde, France's influential finance minister, over the Mexican central bank governor, Agustín Carstens, her only competitor for the job, a move that all but sealed her victory.
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http://www.nytimes.com/2011/06/29/business/global/29fund.html?emc=na
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