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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
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