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Kenny's chance to get Obama onside on new IMF chief

Since the financial crisis broke in mid-2008, Ireland may not always have pursued the best of policies but neither has the Government enjoyed the best of luck. The banks turned out to be even more bust than the Government's worst fears, the economy weaker, the sovereign debt markets less forgiving. The choice of successor to Dominique Strauss-Kahn (DSK) as managing director of the International Monetary Fund could turn out to be another example.

It has been an open secret that the IMF has favoured from the beginning rescue plans for Ireland and the other distressed Eurozone members which would have been rather more practical than the muddled prescriptions of our European partners. Mr Strauss-Kahn could now be replaced by a European politician identified with the inadequate European approach of which the IMF is now openly critical.


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