Europe demands to name next IMF head - Democratic Underground

Eddie Haskell

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Fri May-20-11 10:08 AM
Original message

Europe demands to name next IMF head

http://news.yahoo.com/s/ap/20110519/ap_on_bi_ge/imf_future%3B_ylt%3DAiRu.XwUmbohYB71_oxxP.Ks0NUE%3B_ylu%3DX3oDMTNlcHZibjlvBGFzc2V0A2FwLzIwMTEwNTE5L2ltZl9mdXR1cmUEY2NvZGUDbW9zdHBvcHVsYXIEY3BvcwM2BHBvcwMzBHB0A2hvbWVfY29rZQRzZWMDeW5faGVhZGxpbmVfbGlzdARzbGsDZXVyb3BlZGVtYW5k

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Fumesucker

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Fri May-20-11 10:13 AM
Response to Original message

1. I understood that it was settled tradition..

Europe appoints IMF leader, US appoints World Bank leader..

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Warren Stupidity

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Fri May-20-11 10:13 AM
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2. that has been the agreed on arrangement for the entire history of the IMF

"Historically the IMF’s managing director has been European and the president of the World Bank has been from the United States. However, this standard is increasingly being questioned, and competition for these two posts may soon open up to include other qualified candidates from any part of the world. Executive directors, who confirm the managing director, are voted in by finance ministers from countries they represent. The first deputy managing director of the IMF, the second in command, has traditionally been (and is today) an American."

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Exilednight

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Fri May-20-11 10:22 AM
Response to Original message

3. This post, along with head of the World Bank, need to be

opened up to every country that has either a post industrial economy, industrial economy, or emerging economy.

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Sat May 11th 2024, 01:23 AM
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