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US wants Europeans to give up IMF board seats, but does not want to give up its own veto rights

by Washington Post

As the global economic balance shifts, the United States and other of the post-World War II powers say they’re ready to make room. The Group of 8 rich countries ceded to the Group of 20, where the interests of Germany and France must vie with those of India. Despite that, the maneuvering before this week’s meetings of the International Monetary Fund suggest that the big players may not be as ready as they claim.

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