The battle for the new head of the International Monetary Fund, the world's leading financial instit...
The battle for the new head of the International Monetary Fund, the world's leading financial institution, is finally over, and the name of Germany's second-choice candidate, Horst Kohler, is in the bag, The selection process was an inglorious, murky affair which has damaged Germany, the EU and the IMF itself. Chancellor Gerhard Schroder, undaunted by domestic upheaval, has shown the new, assertive face of 21st century Germany, pushing a respectable but weak candidate, Caia Koch-Weser, until no longer viable and then switching baldly to Kohler, head of the EBRD in London, whose internation...
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