european community and the eurozone of its many leaders can help the guard's main competitor was augustine carstens from mexico who argued her point mind would only add to the perception of i.m.f. bias there could be some conflict of interest i mean at the end of the day now the main borel of the institution will be europe so we'll have a situation where they will rule or stormin eighteen to create their institutional emerging economies the engine of global growth in recent years are vastly under represented in the organization with the u.s. and europe holding half of the votes and veto power and always suggest i am have bias has had a negative effect on the world economy they would use their monopoly over. to force certain policies. on countries in policies there were not in their national interest the i.m.f. lends money monitors the global economy and in theory at least prevents crises its credibility has been shattered by the financial collapse in the advanced economies which it definitely did not spot they missed the two big or biggest asset bubbles in the history of the world i think they didn