Mexican central banker Agustin Carstens, pressing his case for the top IMF job, said he sees a lack of European "credibility" in seeking one of their own to lead the world finance body."It is clear that for the moment, they (European nations) have not managed to get to a situation where they have full credibility," Carstens told AFP on Wednesday, during a visit to Brasilia, where he met officials on his candidacy to head the International Monetary Fund."So they need to make more efforts."
Mexico said it would press the candidacy of its central banker Agustin Carstens for the post of IMF chief as it won the endorsement of Spain, but said the outlook for the key finance post remains uncertain.Mexican Foreign Minister Patricia Espinosa appeared at a joint press conference with his Spanish counterpart Trinidad Jimenez, who noted that the eurozone country will support Carstens based on earlier commitments with other Latin American countries.
French Finance Minister Christine Lagarde on Wednesday took her campaign to lead the International Monetary Fund directly to the IMF officials who will choose between her and her Mexican rival.Lagarde is up against Mexican central bank chief Agustin Carstens, who has been billed as the candidate of the world's developing economies, which have never before been represented in the position of IMF managing director.