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Facts About Germany German History German Recipes |
Horst Koehler -- the New Head of the IMFHorst Koehler -- a German -- has been appointed the Head of the International Monetary Fund on March 23, 2000. Thus, Germany has succeeded in getting a top international job for one of its citizens. The IMF directorial board have unanimously voted for the German candidate who became the successor to Michel Camdessus.
In fact, Horst Koehler was the second German candidate for this job. The first one, a German technocrat who speaks five languages and has worked at the World Bank for a quarter of a century Caio Koch-Weser, was declined by the U.S. government. After a long time of lobbying, German Chancellor Gerhard Schroeder succeeded in convincing all E.U. member nations to support Koch-Weser, but it didn't take the U.S. administration long to reject him, stating that he lacked the leadership skills to run an organization that acts as the world's financial fire brigade. From their side, the E.U. leaders called it an another attempt by the U.S. to control the global economy -- an American, Stanley Fischer, the IMF's temporary chief, was Koch-Weser's primary competitor for the post. Another Washington concern was that Germany might be tempted to use top position at the IMF to enhance the euro, which dropped below the U.S. dollar. So a lot of people in the E.U. say this is an attempt to prove that will not happen. Thus Horst Koehler, once a close adviser to Schroeder's rival and predecessor Helmut Kohl and the head of the European Bank for Reconstruction and Development, has obtained the top post on the international level no other German has ever had. Next pages > Press Commentaries > About Horst Koehler |
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