June 28, 2011
Christine Lagarde, France’s finance minister, will next week take over as head of the International Monetary Fund and will immediately face tough decisions on the troubled Greek financial bail-out.
Soon after her appointment was confirmed, Ms Lagarde called on the Greek opposition to support the government’s austerity measures. “They need to put aside political differences and work in the service of their country,” she told TF1, the French television station.
Ms Lagarde, who had been clear favourite for the job, maintained Europe’s dominance at the top of the international financial institution. As is traditional, she was appointed by consensus by the fund’s 24-member board.