Jeffrey Franks, the head of the IMF mission in Romania, yesterday said that the crisis impacted Romania mores severely than he had expected.

Meaning, the IMF made a mistake.

It wouldn"t be the first time the IMF was wrong about a country.

In fact, the IMF was wrong about the whole world, not just a country.

Last year, the IMF apologized for not warning the world about the financial crisis.

While apologizing, they mentioned that the experts of the IMF had in fact predicted the crisis years in advance, but that the management team had decided not to tell the world about it.

We"re sorry!

That"s it.

The IMF is one strange institution.

We know it has a general manager.

We don"t know who is its president.

Isn"t that a natural question?

Who is the president of the IMF?

Because we don"t know who its president is, we are all forced to call Dominique Strauss-Kahn the "head" of the IMF, an approximate translation of CEO ("chief executive officer") - which is his true position.

If the IMF is wrong, then perhaps we could take it up with its president. Except it doesn"t have one.

Dominique Strauss-Kahn can only apologize.

Nothing more.

He is not responsible.

Dominique Strauss-Kahn apologized concerning his extramarital affair with his employee Piroska Nagy.

The consequences of the IMF not warning the world about the crisis were a little bit more severe: The board of Directors of the IMF accused him of making "a serious error in judgment ".

The IMF has 186 shareholders.

Its shareholders are countries.

Among them, Romania.

Countries and their people don"t have the simple possibility of grabbing the IMF by the collar for its mistakes.

But are they mistakes?

In truth, when the loans are reimbursed the IMF does not pay any dividends to i