Now that Dominique Strauss-Kahn has resigned as the chief of the International Monetary Fund, the choice of his successor is quickly turning into a competition between Europeans determined to keep the job for one of their own and leaders of emerging economic powers like China, India and South Africa that hope to break Europe’s established grip on the post.
Europe and Emerging Nations Vie to Fill I.M.F. Job |
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May 19, 2011
Now that Dominique Strauss-Kahn has resigned as the chief of the International Monetary Fund, the choice of his successor is quickly turning into a competition between Europeans determined to keep the job for one of their own and leaders of emerging economic powers like China, India and South Africa that hope to break Europe’s established grip on the post.
Mr. Strauss-Kahn stepped down late Wednesday after explosive accusations that he had sexually assaulted a housekeeper in a New York hotel room. Treasury secretary, Timothy F. Geithner and others pushed to seek an interim leader for the fund quickly. Within hours of Mr. Strauss-Kahn’s resignation, politicians from across Europe closed ranks, appearing to coalesce behind Christine Lagarde, the French finance minister, to succeed Mr. Strauss-Kahn, who is also French.
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