France's Lagarde named for second term to lead IMF http://ift.tt/1RctV20

France's Christine Lagarde, who battled financial fires across Europe as managing director of the International Monetary Fund, was officially named Friday to a second five-year term. "In taking this decision, the board praised Ms Lagarde's strong and wise leadership during her first term," said Aleksei Mozhin, the dean of the Fund's Executive Board. Lagarde, 60 and formerly France's finance minister, faced no opposition for the job, after successfully restoring the reputation of the global crisis lender's leadership following her predecessor Dominique Strauss-Kahn, who resigned under the cloud of a sex scandal in 2011.

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