Dominique Strauss-Khan of France has won the EU’s backing as the candidate to replace Spain’s Rodrigo Rato as head of the International Monetary Fund. EU finance ministers, at their monthly Brussels meeting, also agreed that the next time round the job, traditionally held by a European, should be open to all. Britain had wanted it to be open to non-European candidates already.
Some concern has been expressed at another Frenchman in such a top job; the European Central Bank, the World Trade Organization and the European Bank of Reconstruction and Development all have French bosses.
Strauss-Khan, the former Socialist finance minister is a respected, multilingual advocate of social democratic economics who is credited with engineering France’s economic recovery in the late 1990s.