Der Spiegel – Markus Dettmer And Christian Reiermann – Merkel Maligned: IMF Board Attacks Euro Crisis Management – 3 June 2013

IMF Managing Director Christine Lagarde (L) confers with German Finance Minister Wolfgang Schäuble during an IMF meeting in April.

The EU’s bailout of Cyprus has elicited unusually frank and vehement criticism from the finance experts grouped in the IMF’s Executive Board. Their damning indictment at an IMF meeting in May reflects global skepticism, especially in emerging economies, about the euro zone’s crisis management. 

Paulo Nogueira Batista, 58, is a fan of classical music, a connoisseur of German literature and an advocate of straight talking. As executive director for his native Brazil and 10 smaller countries, he is a member of the Executve Board, the highest-ranking operational decision-making body of the International Monetary Fund (IMF).

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