File Photo - French Minister for the Economy, Finance and Industry Christine Lagarde arrives at Elysee Palace in Paris, France on February 18 2011 before a speech of French President in front of G20 finance Ministers and Central Bank Governors during the G20 meeting. 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 Thierry Orban/ABACAPRESS.COM