chapter  4
19 Pages

A single EU seat in the International Monetary Fund?

ByLORENZO BINI SMAGHI

The creation of the euro and the discussion that took place in the run-up to the new Treaty of Lisbon have revitalized the debate on the role of the European Union in international financial matters, in particular in the context of the International Monetary Fund (IMF).2 Some have even suggested that EU member states should merge their quotas in the IMF in order to be represented as a single member. Such a merger would imply that the Fund would be transferred to Europe.3