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Facts About Germany German History German Recipes |
Press CommentariesAccording to Heilbronner Stimme's comments, the U.S.-German relations are back on track again. It was high time the Germans were assertive and learned to speak the tough American language. Clinton's acceptance of Germany's candidate for the IMF top job was not only a compliment for Horst Koehler. It was recognition of Germany's international ambitions as well as European self-confidence.
The Nordwest-Zeitung, however, says that German Chancellor Gerhard Schroeder had to pay a heavy price in order to break the inexorable U.S. opposition to his IMF candidate. He had to assure the Americans that the new man, his second choice, would not interfere with the established management of the Fund. In other words, Horst Koehler will have his hands tied by the existing top staff in Washington. Politically, they'll keep him short, the paper concludes, referring to the fact that Washington, under pressure from the Congress, wants to reduce the Fund's activities to make it a fire-fighter to contain economic crises, while Europe favors the IMF offering long-term funding and guidance to countries in financial trouble. Previous page > The New IMF Head > Next page > About Horst Koehler |
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