Why the Next IMF Head Must Be European
May 19, 2011 / Thomas Kleine-Brockhoff
The next head of the International Monetary Fund (IMF) will have two tasks. He or she will have to both help stabilize the European common currency and help pave the way for a transition from the Western to the multi-polar world, both institutionally and financially.
It's true that Europe has to position itself differently in the bodies of global governance. They are creations of the postwar era, and as such the continent is overrepresented, including in the IMF. Europe's small and relatively small countries claim extensive speaking time for themselves in global circles.
The article in SpiegelOnline continues here.



