Monday, May 16, 2011

IMF Boss Attempted Rape Charge Will Directly Only Affect France

As almost all of you no doubt have already heard, IMF boss Dominique Strauss-Kahn has been jailed in New York accused of attempted rape.

I don't know whether he is guilty or not, though most evidence presented so far indicates that he is probably innocent. At any rate though, it is really only France that is likely to be directly (indirectly other countries will however of course be affected by what happens in an economy as large as that of France) affected by this, because unless hard evidence that Strauss-Kahn was deliberately framed appears, his bid to become President of France next year is over.

By contrast, the rescue packages of Greece, Ireland and Portugal aren't likely to be affected because Kahn-Strauss' views on this matter don't differ significantly from the views of others within the IMF.