IMF

Now that DSK has resigned who will replace him? It must not be someone from the EU since like DSK anyone from the EU has a conflict of interest when it comes to the bail out of the PIGS. We have seen the disastrous DSK/IMF promoted policy of forcing more loans on the PIGS and thus desperately need a new Managing Director who knows how to be cruel to be kind and who has the necessary strength of character to force a more sensible policy through. Dan Hannan has suggested the ex New Zealand Finance Minister Ruth Richardson. She is certainly worth considering for the post having had the very necessary experience of successfully re-balancing the New Zealand economy which was in dire straits before her appointment.