Another IMF chief from Europe would be a scandal after the last decade of policy crimes

They hijacked the Fund to rescue monetary union at a time when the eurozone had no lender-of-last resort - due its own recklessness and political paralysis - and had therefore exposed a string of sovereign states to bankruptcy. 

 The eurozone bail-outs consumed 80pc of total IMF lending between 2011 and 2014 

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