Europe Wants Another Chance

They got to him, reports the BBC: Europe backs EU candidate for IMF

Leading voices in Europe say another European should head the International Monetary Fund (IMF) following the resignation of Dominique Strauss-Kahn.

Germany’s Angela Merkel and European Commission President Jose Manuel Barroso’s comments come amid debate over whether the next IMF chief should come from the developing world.

Ms Merkel said a European was needed in light of the eurozone’s problems.
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Mr Strauss-Kahn had been coming under mounting international pressure to leave his post amid the furore over his arrest.

In a statement posted on the IMF website late on Wednesday, he said he resigned with “infinite sadness”, but wanted to “devote all my strength, all my time, and all my energy to proving my innocence”.

Mr Strauss-Kahn’s deputy, John Lipsky, has been placed in interim control of the organisation, and the IMF says it will release information “in the near future” about the appointment of a permanent successor.

Sorry, eurozone, but Timmy didn’t grease the skids for another European to take over. The real question is who does Goldman Sachs and Wall Street want? Timmy follows orders and isn’t swayed by outside influences. The problem with having a non-European at the top of the IMF is that they might not go along with what Angela wants and might even mention some of the anomalies at the ECB.

It would be nice to think that the next chair of the IMF was someone who warned about the collapse, but that wouldn’t do. No one really important likes shrill people who insist on reality.