Bloomberg - IMF Approves China as Third-Biggest Power, Weakening Influence of Europe
Bloomberg reports: "The International Monetary Fund’s executive board approved a plan that would make China the third- strongest voice in the organization while weakening Europe’s influence to make room for emerging economies [...] After the changes take effect, the fund’s 10 biggest shareholders will comprise the U.S., Japan, Germany, the U.K, France and Italy as well as Brazil, Russia, India and China."