so he would be hard to replace. christine laguard is very good, highly regarded among the g-20, all the leaders in the world know her and respect her. the broader question, however, is whether a european should still guide the international monetary fund. we're now in a multipolar world economy, china, india, brazil, emerging markets are driving the economic growth picture. it is logical to look outside europe or the united states for that matter to find leadership for the institutions. this is something of a crisis situation. it is an unexpected move. the european situation is dire, has to be dealt with immediately. one thing good about the imf, it is very strong institutionally. it has got a deep bench, it has very good leadership in the second and third ranks. it is continuing. somebody else went to europe to have those meetings with angela merkel and other leaders in europe this week, dealing with greece, portugal and the like. the imf will go on as a strong