As such, those who believe the IMF must look beyond Europe after the DSK scandal have a valid point, as they do when they argue that a managing director from an emerging nation will have a most salutary impact by underscoring the message the IMF sent in 2008 when it reformed its system of quota shares to better represent smaller countries.
For various reasons, the view from London can often be seen as particularly important or valid, which is why this CEBR report has made front page news.