"History is a wonderful thing, if only it was true"

Sunday, May 15, 2011

Europe : Make Love not War

Great timing

Strauss-Kahn Arrest Comes at a Fragile Moment for the I.M.F. - NYTimes.com:

"Its hard to imagine a worse time for the International Monetary Fund to be without a forceful European leader.

Sinking under a mountain of debt, Greece is on the verge of requesting more help from the European Union and the international fund. Ireland’s economic recovery from its banking crisis remains a distant prospect at best. And once an international aid deal is concluded for Portugal, the question shifts to whether Spain’s much larger and increasingly stagnant economy may need a financial lifeline.

Indeed, the most bitter twist for Dominique Strauss-Kahn is that his personal crisis comes at a time that the I.M.F.’s influence globally is at a many-decades peak, especially within Europe, his own stomping ground."

No comments: