File Photo - Christine Lagarde and Xavier Giocanti attend the cocktail party for the opening of the Icones de lArt Moderne, La Collection Chtchoukine exhibition at Fondation Louis Vuitton on October 20, 2016 in Paris, France. The European Council announced Tuesday that Lagarde, the current head of the International Monetary Fund, had been chosen to succeed Mario Draghi as president of the European Central Bank,, whose eight-year term ends in October. Photo by Laurent Zabulon/ABACAPRESS.COM