IMF gives Christine Lagarde second term as managing director

WASHINGTON (AP) — The International Monetary Fund said Friday it is giving managing director Christine Lagarde a second five-year term.

In a statement, Aleksei Mozhin, dean of the IMF's executive board, said board members were impressed with Lagarde's strong and wise leadership...

During the financial crisis of 2008, she led a council of European Union finance and economic ministers.