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| Strauss-Kahn’s successor: the carousel at the IMF chief is taking off |
| IMF, 25.05.2011 |
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| Europe and emerging markets to position itself. Everyone brings his candidates into play. A French woman is the biggest favorite.
No one had expected this disaster: Dominique Strauss-Kahn, the charismatic and successful director of the International Monetary Fund (IMF), a girl of his hotel room to have sexually attacked and therefore just sits in custody. Ironically, the IMF chief, who is in this explosive situation for Europe is so incredibly important, is arrested and his deputy, already planned the jump. Because no one was prepared for this disaster, but crystallize out first names that could possibly take over from the French. More than first thoughts were not so far.
Who is Strauss-Kahn’s successor?
The IMF
The International Monetary Fund (IMF), which together with the EU countries to should step in saving the public finances of the euro-wobble candidates is a specialized agency of the United Nations. He was with the World Bank in July 1944 at the Currency Conference at Bretton Woods in the U.S. state New Hampshire was founded. The IMF, with headquarters in Washington (English: IMF for International Monetary Fund) are now in 186 countries
Its main task is to maintain a stable monetary system. The Preventing financial crises – such as in Mexico or 1994/1995 1997/1998 in Asia – is one of the central tasks of the Fund. In the More recently, the IMF reached at the request of the governments such as Ukraine, Iceland, Hungary, Pakistan and even in Euro-state Greece. For the countries concerned with the strict requirements for the rehabilitation of its finances connected.
The New York because of a sexual attack on a hotel employee arrested former French finance minister Dominique Economic and Strauss-Kahn is executive director since 2007 – this is the official name – the organization. He is like his Predecessor Rodrigo de Rato for a reform program, the emerging and to give developing countries more weight
The voting rights of member countries is determined by their equity interest. Accordingly, are the U.S. (with 16.77 per cent), Japan (6.02 percent) or Germany (5.88 percent) of the heavyweights of the IMF. Gambia other hand, is only 0.03 percent to 0.05 percent and Haiti.
At the head of the International Monetary Fund is a traditional Europeans. In contrast, the World Bank is run by an American. So far only German IMF Managing Director Horst Köhler was. He had held the office, before he was elected in 2004 to the President. DAPD
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The EU wants to heave again primarily a European candidate to the post. One hand stood the old continent that job in Washington so far to traditional. Now that the emerging markets gain influence, it is argued in Europe’s cities, particularly with the debt crisis in his own front door. In such a sensitive situation, it would be good to have one of the locals as IMF chief, the chancellor made an early age felt. The fact that Angela Merkel, who otherwise acts on personnel issues often so undecided, so dashing forward, has a reason. She realizes how important this position for the stricken Europe currently is. Whether it succeeds, however, is on a different paper, the Americans can prevent veto any candidate. It is not inconceivable that they would rather saw the representative of an important emerging market country on the chair of the IMF chief.
Christine Lagarde
As so often in recent years, Germany can not lead prospective local candidates in the race. Misunderstanding of party expediency and poor personnel policies to prevent this in France it’s different. Christine Lagarde, Minister of Economic Affairs is currently under Nicolas Sarkozy, is considered excellent choice. The charismatic woman on the international stage not only maintains a confident manner. She is also engaging and assertive at the same time. In addition, she was the first female IMF director. Germany could not refuse her the support, it was already in Berlin government circles. Italy’s help she was probably safe. Sarkozy has supported Italy’s Mario Draghi candidates for the succession at the head of the European Central Bank. Lagarde, however, two drawbacks. Too often last Frenchman sat at the head of the IMF. And at home she has endured not a scandal. Your aid is accused of embezzlement of public property. A real obstacle, however, must not be.
Peer Steinbrück
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