BUSINESS
06/03/2011 03:38 pm ET | Updated Aug 03, 2011

Simon Johnson: Explaining France's Determination To Run The IMF

Just a few years ago, euro-zone countries were at the forefront of those saying that the International Monetary Fund had lost its relevance and should be downsized. French authorities regarded the I.M.F. as so marginal that President Nicolas Sarkozy was happy to put forward the name of a potential rival, Dominique Strauss-Kahn, as a candidate for its managing director, in fall 2007.

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