The IMF elects the French Finance Minister, Christine Lagarde as its new Managing Director. Front-runner Ms Lagarde, who's used to breaking glass ceilings in the world of politics and economics, becomes the first female head of this international financial institution. A yoga and exercise enthusiast - she once represented France in synchronised swimming - she wears Chanel and treasures the simple pleasures of her rural retreat in Normandy. A healthy contrast perhaps to the challenges facing the International Monetary Fund in Europe as Greece struggles to manage its political crisis and the threat of default. Adrian Goldberg reports.

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