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New IMF Head Named without Vote
The executive board of the International Monetary Fund announced on Friday that it has selected Frenchman Dominique Strauss-Kahn as the organization's new managing director. Russian's attempt to nominate an alternative candidate, Czech Josef Tosovsky, was unsuccessful. Strauss-Kahn was nominated by the European Union and supported by the U.S. Treasury Department and selected “by consensus,” a euphemism that means without a vote and without opposition by IMF directors.
Russia argued for a competitive selection process on the bases that it plans to take a more active role in the organization in the future and that it is concerned that a person “without sufficient experience and technical skills” might be selected.
Strauss-Kahn, 58, is a former MP in the French National Assembly from the Socialist Party, cabinet minister and professor of economics. Strauss-Kahn has declared on one of his several blogs that he would like to create a socialist bloc in Europe to combat the “undesirable consequences of globalization.” There is every indication that he will pursue a similar policy at the IMF. The week before his appointment, he proposed a new method for voting within the organization to create a “double consensus” and “qualified majority.”
www.kommersant.com
All the Article in Russian as of Oct. 01, 2007
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