The European Union has elected Bulgarian Kristalina Georgieva to the IMF leadership

Bulgarian economist Kristalina Georgieva will be the European candidate for the lead the International Monetary Fundwhich means a victory of the Eastern countries against the northern candidate, the Dutch Jeroen Dijsselbloem, which he overtook in a close vote.

The Bulgarian candidature, which will replace the French Christine Lagarde, elected president of the European Central Bank (ECB), arrived after a long day of negotiations and votes in Paris, according to international agencies.

Georgieva, chief executive of the World Bank on leave, will now have to be approved in October by the rest of the IMF, although he has practically secured a position because since its inception the position falls to a European.

The Bulgarian got the support of 56% of countries euro zone against Dijsselbloem 44%, but those who support it accounted for only 57% of the population, far from the 65% required by the qualified majority generally imposed.

Several countries, however, argued that this criterion was applicable only in the event of a percentage of countries adjusted victory and that it should not be taken into account when the Bulgarian applicant had more than ten points in the competition. # 39; advantage.

"Georgieva is the candidate of the European countries. We will all support your application"It's an honor to be appointed to the position of Managing Director of the IMF," said French Finance Minister Bruno Le Maire, at the end of the vote of the countries of the Union. European ", he said in a tweet from Georgieva.

While the ministers of the economy of the 28 countries settled these problems, Dijsselbloem wished the luck to his adversary via Twitter and, shortly after, came the congratulations of Jean-Claude Juncker, always president of the European Commission.

Georgieva now has until September 6 to present his candidacy to the financial organization that wishes to complete the process of renewal of October 4th. In this vote, there should also be a representative of the emerging countries, who demanded more presence in international organizations.