File Photo - French Minister for the Economy, Finance and Employment Christine Lagarde participates at symposium 'New World New Capitalism' in Paris, France on January 7, 2010. 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 Stephane Lemouton/ABACAPRESS.COM