Christine Lagarde, managing director of the International Monetary Fund (IMF), sees no alternative to the strict austerity policies being imposed on many peripheral European countries, says the double dip recessions in Italy and Ireland just announced come as no surprise, and notes that IMF reforms will shift 6% of current quotas to dynamic emerging and developing countries. Lagarde’s comments came in an exclusive interview with Knowledge at Wharton and media partner  ParisTech Review late last week, as BRIC countries demanded more voting power in return for the larger financial contributions being requested by the IMF. “Clearly, the BRICs will be among the recipients of these additional quotas,” which cover voting power and financial contributions, Lagarde says. Additionally, the IMF will release a new model for assessing the world’s exchange rates later this year, and she confirmed that the fund will probably raise U.S.…