BBC: Lagarde favourite for IMF as Mexican enters fray

http://www.bbc.co.uk/news/business-13499521

Mexico's finance ministry has said it will nominate the country's central bank boss, Agustin Carstens, to head the International Monetary Fund (IMF).

France's finance minister, Christine Lagarde, is favourite to take the job. However, Mr Carstens may hope to benefit from a backlash among developing countries against Europe's historic domination of the position.

South Africa and Australia have said the next managing director of the International Monetary Fund should be appointed on merit and not nationality. The body has always been headed by a European, and UK chancellor George Osborne has joined other European leaders in backing Christine Lagarde for the post.

"For too long, the IMF's legitimacy has been undermined by a convention to appoint its senior management on the basis of their nationality," Australian Treasurer Wayne Swan and South African Finance Minister Pravin Gordhan said in a joint statement.

Following the release of Dominique Strauss-Kahn on bail, psychotic prison bulls with an abnormally high sex drive have insisted the next IMF chief to wind up there on a rape charge should have shoulder length blond hair.

Inmates at the notorious Rikers penitentiary have gone on record to say that the outgoing IMF boss Dominique Strauss-Kahn’s hair is too gray and that he lacks the acute muscle definition necessary for such a high-powered role.

They also blamed the tough conditions at the New York jail for the abrupt decline in Strauss-Kahn’s sex drive since his arrival, claiming the former IMF boss returned none of the kisses which were blown to him from prisoners in nearby cells.

However, in a concession to inmates, prison governors signalled an increase in shower time from thirty minutes to an hour to allow the former IMF chief to strike up some kind of rapport with his fellow cons, after reports he had been jealously guarding the standard issue bar of soap.

http://newsthump.com/2011/05/23/rikers-prison-bulls-insist-next-imf-boss-should-be-blond/