Summary
Whatever the outcome of the bizarre fall from grace of Dominique Strauss-Kahn, the controversial role of the International Monetary Fund itself has been thrown into sharper focus.
Had Mr. Strauss-Kahn departed voluntarily for loftier climes as French president, he would have been instrumental in choosing his IMF successor. The tradition of a European IMF chief, chosen by country of origin rather than as an individual and balanced against an American at the helm of the World Bank, would have been maintained.See the full content of this document
Extract
Soap Operas and the Future of the Imf
(In the interests of full disclosure, it should be mentioned here that the writer was deputy chief of mission for the World Bank in Tokyo in the early 1970s.)
Now the Europeans, led by German Chancellor Angela Merkel as head of the Con...See the full content of this document
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