With embattled Dominique Strauss-Kahn resigning from the IMF amid rape allegations a vacancy has arisen for the top spot.
The vacancy comes at a critical juncture for Europe as Greece struggles to keep afloat and the single currency faces a fight for credibility. Strong stewardship is required more than ever. The question of who should replace Strauss-Kahn has triggered a debate over whether Europe should continue its historic leadership of the fund or pass it to someone from the emerging economies to better reflect modern economic realities. German Chancellor Angela Merkel has signalled her preference for a European appointment. A European successor carries the advantage of providing a sense of continui...
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