04 SEP 2010

By Marco Bertacche and Lorenzo Totaro

Sept. 4 (Bloomberg) -- European Central Bank President Jean-Claude Trichet urged European Union countries to find a unified position over threats to the bloc’s influence at the International Monetary Fund.

The U.S. is pushing to give emerging economies more say on the 24-seat board of directors of the IMF. The U.S. rejection of a proposal last month to maintain the IMF’s executive board in its current form may force EU countries, including Belgium and the Netherlands, to reduce their number of seats.

Read entire article

See also:
Trichet calls for united EU at the IMF (AFP)