1. Lagarde to Become Managing Director and Chairman of the IMF
... Fund's managing director and chairman next month after defeating Mexican Central Bank chief Agustin Carstens. Lagarde was backed by the United Kingdom, Germany, and most European powers, as well as some Asian and African nations. The United States Treasury Secretary Tim Geithner joined the group of supporters right before Lagarde was voted in (Rooney) "Minister Lagarde's exceptional talent and broad experience will ... that exist and approve the austerity measures that are currently preventing the country from receiving their next installment loans from the IMF and EU. Additionally, she l...
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