Dominique Strauss-Kahn’s fall from grace was spectacular. A day earlier, before the now-infamous photographs appeared on front pages around the world, bookmakers were tipping him to win the French presidency in 2012. Now, he will be lucky to avoid spending his retirement in jail.
That opens the door to a host of would-be successors, and not all of them from the traditional European pool of candidates. Since the establishment of the post-war monetary system at Bretton Woods, leadership of the IMF and the World Bank has been shared between Europe and the US, with an American always in charge at the bank and a European running the fund.
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