The Eurozone Should Assume Global Leadership
D. Lombardi, Inst. Eco. Policy & J. O’Neill, Goldman Sachs | April 9, 2008
The IMF's need for governance reform points to the EU's lack of management of its external monetary policy. ++ Consolidating the representation of Eurozone members on the board - currently 15 members are awkwardly split among 8 chairs - would increase effectiveness, give the EU a voting power that truly reflects the euro's strength on bond and currency markets, and strengthen the voice of developing countries.
