IMF should move to Europe: ex research head
As the battle over International Monetary Fund (IMF) quotas heats up, one of the Fund's former heads of research has proposed an unusual solution.
The United States at the G20 meeting in Pittsburgh has called for western European states to agree to cut their IMF quotas to make way for the BRICs (Brazil, Russia, India and China).
However, with Britain and France blocking the move, the proposal's implementation is far from certain. In order to break the impasse, Simon Johnson, the Fund's head of
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