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Stevens Frederic, Sipa / AP Photo The word’s No. 1 finance minister, Christine Lagarde, fought for strict banking regulations that sustained France while Europe melted down. Lagarde, who will speak at The Daily Beast’s Women in the World summit, talks to Eric Pape about her tough-love strategies.

France’s most powerful government ministers tend to be Old World figures. Many are officious, bombastic, self-satisfied, and prone to la langue de bois, which often refers to the spouting of elegantly phrased but hollow B.S.

And then...