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Strauss-Kahn’s arrest: Bad Timing for Greece

Yes, IMF-head Dominique Strauss-Kahn has been praised as ‘a friend of Greece’, most likely due to the socialist ideals he shared with Greece’s Prime Minister Geroge Papandreou. Now DSK is sitting in a lonesome cell at a New York police station and all the world is eager for the moment the  old chap will appear before the judge. DSK seems politically and imf-llydead. Then, he has been already judged in the eyes of the people and especially of bitchy-minded ones.  Even if he will be cleared of the charges… suspicion will remain there like a dirty spot on a blue dress. The International Monetary Fund will most probably will be forced to ask him to take his hat and from now to make his own hotel reservations and air flights bookings. The scandal is too huge for DSK to remain in office. Strauss-Kahn would leave the office to run for France’s presidential office anyway. It just look as if he will leave earlier than expected and thus in disgrace.

International press has already started to ask who will be DSK’s successor in IMF. And some point out at the bad timing of the alleged involvement of IMF-Head as referring to Greece. New York Times in its article IMF Talks in Greek Crisis at Key Juncture notes that “The arrest of the head of the International Monetary Fund in New York on Saturday comes at an especially sensitive time for its most high-profile project: saving Greece from default.” Then the IMF and European officials have now, for the most part, accepted that Greece will require another 60 billion euros in aid in order to see it through 2012 and 2013

The arrest of DSK has cancelled his meeting with German Chancellor Angela Merkel and his presence at the Eurogroup and ECOFIN meetings looks impossible. So who will help Greece from now on?

 Read the NYTimes article and IMF may be tougher on Europe after Strauss-Kahn from Reuters.


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