Category Archives: IMF


The “Entitlements” of Post-World War II Should Be Discarded

by Ehsan Ahrari on May 20, 2011, No Comments

The resignation of Dominique Strauss-Kahn, the head of the IMF who is accused of rape by a Manhattan maid, has opened up a highly contentious issue of who is to succeed him.  As various countries jockey for their respective candidates, the European claim to the head of the IMF was marked by the anachronistic thinking of the leaders of that region.  Since the informal "division of labor" for the world's two leading economic institutions has been between the United States and Europe – whereby an American became the head of the World Bank and a European that of the IMF – European leaders are behaving as if they are "entitled" to that spot.  The French Finance Minister, Christine Legarde, told reporters, "Any candidature, whatever it is, should come from Europeans who rally together."  Needless to say, she is bucking for the job herself. (more…)