IMF chief pushes for more power, new global currency

by Steven Webster, Rawstory

The International Monetary Fund wants more power to police the global financial system and a bigger role in emergency financing, managing director Dominique Strauss-Kahn said Friday.

In a speech to the Bretton Woods Committee, a finance reform think tank in Washington, D.C., he claimed that a stronger IMF also warrants a new global reserve currency that would serve as an alternative to the U.S. dollar.

Continue reading

Follow

Get every new post delivered to your Inbox.

Join 850 other followers