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Monday, June 27, 2011

Carstens Receives Last Minute Support from Canada and Australia

The breaking news today is that Canada and Australia will endorse Mexico's central bank chief Agustín Carstens as the race for the spot as IMF chief comes to an end this week. Canadian officials made this announcement on Friday - a decision that is, unfortunately, deemed by the WSJ as, 'unlikely to tilt a race led by French finance minister Christine Lagarde'.

Europe has backed Ms. Lagarde from the beginning, and there is no indication Washington will withhold support for her to succeed former chief Dominique Strauss-Kahn.

Source: www.wsj.com

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