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***IMF CHIEF ARRESTED --IMF Leadership in DISARRAY***
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[quote:Anonymous Coward 1365604:MV8xNDg5NzUwXzI0NTQ1NDMzX0JFOUJEN0Y3] [quote:Anonymous Coward 1286880] [Interesting piece of article] [b][u]Mr. Strauss-Kahn, 62, was headed to Europe to discuss the worsening European debt crisis with top leaders there[/u][/b]. He was scheduled to meet with German Chancellor Angela Merkel on Sunday and financial ministers in the Euro Group on Monday and Tuesday. Besides putting the finishing touches on the €78 billion Portugal bailout package, the main focus of the meetings was how to resolve Greece's deteriorating sovereign debt crisis. [b][u]The arrest of the head of one of the world's most important financial institutions comes at a time when the global economy is still recovering from the 2008 financial crisis[/u][/b], and when Europe is still reeling from a still-unfolding series of government debt crises. .[/quote]. [color=red][b] This will crush the Socialists in Greece.[/b][/color] Good riddance. [i] "The trouble with socialism is that eventually you run out of other people's money"[/i] ~ [b]Margaret Thatcher[/b] . [/quote]
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link to online.wsj.com
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WASHINGTON—
The arrest of International Monetary Fund chief Dominique Strauss-Kahn on sexual assault accusations throws into disarray not only the IMF's leadership, but its central role in the financial rescue of several struggling European nations.
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