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Europe splits over IMF leadership
The race is still open, with the five shortlisted candidates all still with a chance of securing the post, according to French sources. These are the Eurogroup president Mario Centeno; his predecessor Jeroen Dijsselbloem, Spain's Minister of Economy, Nadia Calviño, Finnish central banker Olli Rehn and the CEO of the World Bank, Kristalina Georgieva, the most recent addition.
[...]
A diplomat told EURACTIV.com that the EU was divided between North and South countries. Dijsselbloem, supported by Germany and Northern capitals, is opposed by the Southern members, because of his hawkish positions on economic matters, and during the eurozone debt crisis, and the derogatory comments he made about them two years ago.
There is $11.8 trillion of loans denominated in U.S. dollars but overseas

archived waves
deck chairs
Europe needs to find candidate to head IMF: France
the odious IMF, subsidiary of US fed gov
"The principle function of this institution is lending USD to sovereign governments on terms and conditions ("structural adjustment programming") which have not produced desirable 'development' goals of the borrowers' constituencies."

Diversity is the key to economic and political evolution.

by Cat on Thu Aug 1st, 2019 at 02:13:47 AM EST
[ Parent ]
OMFG Working Papers | Global Fossil Fuel ["]Subsidies["] Remain Large: An Update Based on Country-Level Estimates
This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations)

archived
the odious IMF, subsidiary of US fed gov
How Do You Pay for the Green New Deal: Cost of Fuel

Diversity is the key to economic and political evolution.

by Cat on Thu Aug 1st, 2019 at 10:17:09 AM EST
[ Parent ]
Finland's Olli Rehn drops out of IMF leadership race

Last straw to be drawn in the divide North - South ... any bets?

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Fri Aug 2nd, 2019 at 04:23:31 PM EST
[ Parent ]
It's not Dijsselbloem!

Or a deadlock in voting according to Reuters ... more talks.

No EU candidate gets required majority for IMF nomination - source

Or a chance for a compromise candidate ... Olli Rehn??

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Fri Aug 2nd, 2019 at 07:14:04 PM EST
[ Parent ]
... and the British failed to put forward a candidate ... too short notice for Boris and his new team after his election as PM for all Brexiteers. 😄

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Aug 2nd, 2019 at 07:22:06 PM EST
[ Parent ]
Mark Carney was rejected as a candidate ... "not European" enough. 🤣

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Aug 2nd, 2019 at 07:29:38 PM EST
[ Parent ]
Well Jeroen confirms he's out ...



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Fri Aug 2nd, 2019 at 07:36:11 PM EST
[ Parent ]


Things are going to slide, slide in all directions
Won't be nothing
Nothing you can measure anymore
L. Cohen
by john_evans (john(dot)evans(dot)et(at)gmail(dot)com) on Sat Aug 3rd, 2019 at 11:28:20 AM EST
[ Parent ]
Kristalina Georgieva, the World Bank`s chief executive, was selected by European governments as their candidate to head the International Monetary Fund following an acrimonious process in which the result was initially contested by some member states.


Things are going to slide, slide in all directions
Won't be nothing
Nothing you can measure anymore
L. Cohen
by john_evans (john(dot)evans(dot)et(at)gmail(dot)com) on Sat Aug 3rd, 2019 at 11:32:34 AM EST
[ Parent ]
DICTION CORNER: Business Continuity Planning
BCPs are an important part of any business. Threats and disruptions mean a loss of revenue and higher costs, which leads to a drop in profitability. And businesses can't rely on insurance [BWAH!] alone because it doesn't cover all the costs and the customers who move to the competition.
< wipes tears >
Aside from Bloomberg boilerplate TROPES, I note with interest in the article Georgieva's short-form c.v. ticks more than a few boxes, indicating subject matter experience with "investment hurdles" not normally associated with crazy IMF institutional knowledge and ahhh leadership.

archived
deck chairs
presidency [sic] recently went to [US] American David Malpass. uh oh.
waves
The odious World Bank is a subsidiary of the IMF. Few care who is the chief of the WB. The principle functions of this institution is (1) lead generation to borrowers and (2) supplementary IMF loan creation and reporting.


Diversity is the key to economic and political evolution.

by Cat on Sat Aug 3rd, 2019 at 12:46:14 PM EST
[ Parent ]
Oh, I see Dieselbum said it first.

Things are going to slide, slide in all directions
Won't be nothing
Nothing you can measure anymore
L. Cohen
by john_evans (john(dot)evans(dot)et(at)gmail(dot)com) on Sat Aug 3rd, 2019 at 11:33:56 AM EST
[ Parent ]
I read that Sweden and The Netherlands at first blocked Georgieva as the votes were insufficient to get her elected and due to her age. Apparently the UK was taken by surprise as their two late candidates were rejected ... the UK abstained. Dijsselbloem saved the Union 😉 by stepping back as candidate. Georgieva wins by default ... the EU is clearly divided. Mark Rutte and the Dutch are out if favor ... firstly with Timmermans and now for the IMF position.

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Sat Aug 3rd, 2019 at 11:59:10 AM EST
[ Parent ]
file in de basement of intrigue/Rutte

Diversity is the key to economic and political evolution.
by Cat on Sat Aug 3rd, 2019 at 12:47:19 PM EST
[ Parent ]

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