CLEAN: IMF leadership battle begins as chief resigns

The transcript discusses the need for non-European leadership in international roles, highlighting the importance of understanding European issues. Christine Lagarde is favored for the IMF role, but her French nationality may cause contention. The challenges for European candidates, particularly from non-eurozone countries like the UK, are noted. Emerging markets are pushing for their candidates, but lack strong contenders.

Why is there a call for a non-European leader in the international monetary system?

• To promote European unity

• To reduce Europe's influence in global affairs

• To ensure emerging powers take more responsibility

• To maintain the status quo in Europe

What makes Christine Lagarde a favored candidate for the IMF position?

• Her support from emerging markets

• Her background in finance

• Her political and intellectual skills

• Her extensive experience in the eurozone

What is a potential issue with Christine Lagarde's candidacy?

• Her nationality being French

• Her opposition to European policies

• Her limited support from the US

• Her lack of experience

Why might a UK candidate face challenges in being selected for the IMF position?

• The UK's strong economic performance

• The UK's non-membership in the eurozone

• The UK's support from emerging markets

• The UK's leadership in global finance

What is a major challenge for candidates from emerging markets?

• Lack of convincing candidates

• Excessive experience in international finance

• Overwhelming support from Europe

• Strong backing from the US