05.04.2008

Dominique Strauss-Kahn, the former finance minister of France now managing director of the IMF is reported to be planning to close the fund’s office in Brussels and move it to Paris. This move is in connection with the IMF’s 0 million planned spending cuts announced by Strauss-Kahn in December.Seeing as the Brussels office only employs 2 people, it may not be a major decision but it will be a symbolic blow to Brussels aim in becoming the central pole of economic policy in the EU.

Dominique Strauss-Kahn, the former finance minister of France now managing director of the IMF is reported to be planning to close the fund’s office in Brussels and move it to Paris. This move is reportedly in connection with the IMF’s 0 million planned spending cuts announced by Strauss-Kahn in December. Seeing as the Brussels office only employs 2 people, it may not be a major decision but it will nevertheless be a symbolic blow to Brussels aim in becoming the central pole of economic policymaking in the EU. Additionally the IMF plans to raise its revenue by 0 million to plug the its 0 million deficit.