France's Lagarde Elected New IMF Chief

French Finance Minister Christine Lagarde clinched the top job at the IMF, keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default.Lagarde will become the first woman to head the International Monetary Fund when her five-year term as managing director. Lagarde's win over Mexico's Central Bank Governor Agustin Carstens was assured after the United States made its support clear, and emerging market economies China, Brazil, India and Russia did the same.