File Photo - French Finance Minister Christine Lagarde during the IMF-World Bank spring meeting in Washington, DC, USA, on Saturday, April 16, 2011. At the top of the agenda for the G-20 and the IMF is the issue of global imbalances, against which U.S.-China relations have long been measured. 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 Olivier Douliery/ABACAPRESS.COM