MERKEL: EUROPEAN FOR IMF

According to Germany’s Chancellor Angela Merkel the next Inetrantional Monetary Fund president should again be European. As Handelblatt newspaper states Germany will back French finance minister Christian Lagarde’s candidacy.

Merkel refused to name exact candidate stating that the very decision should be made by EU consent. Before that Handelblatt citing sources of Germany’s ruling coalition states that Germany will refuse proposing its own candidate and will back the one proposed by France.

This position is for decades held by Europeans which has caused the discontent from China and Brazil’s sides.

20.05.2011