WASHINGTON -- French Finance Minister Christine Lagarde was chosen Tuesday to lead the International Monetary Organization and will immediately confront a European debt crisis threatening the global economy.
She will be the first female managing director of the 66-year-old global lending organization. Among her challenges, she will have to prod fellow Europeans to take painful steps to prevent a default by Greece. She'll face pressure from developing nations that want a greater voice at the IMF. And she'll be looked upon to restore the IMF's reputation, which was tarred by a scandal involving Dominique Strauss-Kahn, the man she's replacing, who resigned last month after being charged with sexually assaulting a New York City hotel housekeeper. He has denied the charges. ---- AP