May 19 (Bloomberg) -- German Chancellor Angela Merkel said that a European is best placed to lead the International Monetary Fund given the demands of the euro-area debt crisis.
"Naturally the developing countries have a claim on the highest position of the IMF or World Bank but the current situation speaks for a European candidate given the considerable problems of the euro," Merkel told reporters in Berlin today.
A contest for the IMF post was kicked off following the resignation of Dominique Strauss-Kahn der four days after his arrest on sexual-assault charges in New York.
Merkel said that a decision must be made swiftly on the next IMF chief. She declined to name any candidate.
"It would be much too early right now to start with any speculation about the post," German Foreign Minister Guido Westerwelle told reporters in Bern after talks with Swiss President Micheline Calmy-Rey, who is also foreign minister.
Source: www.sfgate.com
"Naturally the developing countries have a claim on the highest position of the IMF or World Bank but the current situation speaks for a European candidate given the considerable problems of the euro," Merkel told reporters in Berlin today.
A contest for the IMF post was kicked off following the resignation of Dominique Strauss-Kahn der four days after his arrest on sexual-assault charges in New York.
Merkel said that a decision must be made swiftly on the next IMF chief. She declined to name any candidate.
"It would be much too early right now to start with any speculation about the post," German Foreign Minister Guido Westerwelle told reporters in Bern after talks with Swiss President Micheline Calmy-Rey, who is also foreign minister.
Source: www.sfgate.com
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