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France’s Lagarde named for second term to lead IMF

February 19
18:33 2016

France's Christine Lagarde, who battled financial fires across Europe as managing director of the International Monetary Fund, was officially named Friday to a new term at the global emergency lender. Greece and Ukraine, two of the Fund's largest liabilities, remain on the precipice, and new challenges are cropping up as a consequence of China's slowdown and the global commodities collapse, war in the Middle East, and fears of return to recession in developed countries. The former French finance minister, 60, was unopposed for the position, and approved "by consensus" by the IMF executive board.

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