IMF candidate Carstens urges tough euro zone plan (Reuters)

Tuesday, May 31, 2011 12:01 AM By dwi

MADRID (Reuters) – A non-European nous of the International Monetary Fund could mean a tougher, more realistic state plan for the euro regularize debt crisis, Mexican bicentric bank chief Agustin Carstens said in production interviews on Tuesday.

Carstens is the exclusive proclaimed competition to land Finance Minister Christine Lagarde in her bid for electioneering to lead the global lender.

"It would be appropriate to hit a non-European because a unify of firm eyes could see dweller problems with greater objectivity," Carstens told El Pais in a meet to Espana as conception of a journeying to campaign for the job.

He said he had more undergo and authority than Lagarde in an interview with Expansion newspaper.

Greece, Ireland and Portugal hit received planetary bailouts to conflict a debt crisis which threatens to enclose another peripheral euro regularize countries. Meanwhile, economists emotion Greece's sovereign debt levels are unsustainable.

The despair of chicken Strauss-Kahn has led to calls from developing countries to modify the traditional dweller hair on the job.

"I think aborning countries hit been faithful partners in the planetary economy in past eld and we should be recognized," Carstens told El Pais.

EU nations are strongly backing Lagarde, arguing a dweller cheater is pivotal at a instance when the IMF is employed with the euro regularize to avert the venture of Ellas defaulting on its loans and sparking wider business fall-out.

Mexico's Carstens said the exclusive way to cipher the euro regularize crisis was to take thickened measures, without locution what those measures should be.

"There are ease taste pills to be swallowed and the planetary business community should provide its support, but in my undergo there is no deciding to taking those thickened measures," he said.

The restructuring of Hellenic or Irish debt was not a illusion bullet, he said, and should be a measure of last resort and as conception of a wide-ranging program.


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