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Europe in the IMF. CEPS Commentary, 4 October 2010

Gros, Daniel. (2010) Europe in the IMF. CEPS Commentary, 4 October 2010. [Policy Paper]

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    Abstract

    This commentary points to the IMF as a prime example of the over-representation of Europeans in international fora, which has the effect of actually diminishing Europe’s influence. The representatives are often instructed to defend (frequently divergent) national interests and the net effect is that common European interests are not represented at all. The author argues that the only sensible long-term solution is to pool the IMF quotas of all eurozone countries. thereby giving the eurozone one constituency, or seat, on the Fund’s executive board, filled by a candidate nominated by the eurozone group of finance ministers.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Other international institutions > IMF
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 05 Oct 2010
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:37
    URI: http://aei.pitt.edu/id/eprint/15035

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