IMF Set to Stick with Old Guard; City FOCUS
Byline: Alex Brummer
THE scandal which has erupted around International Monetary Fund managing director Dominique Strauss-Kahn presages a new period of uncertainty for the Washington-based emergency lender and policy adviser. The global financial panic and recession which brought such misery to people around the world in terms of higher unemployment and squeezed living standards gave the IMF a new lease of life.
Strauss-Kahn, a former French finance minister and economics professor, was the right man at the right place at the right time.
A domineering figure, with a sharp intellect and tongue, he managed to position the IMF at the centre of the crisis, first responding to countries - mainly in Eastern Europe - hit by the banking panic and more recently injecting the Fund into the …
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Publication information: Article title: IMF Set to Stick with Old Guard; City FOCUS. Contributors: Not available. Newspaper title: Daily Mail (London). Publication date: May 17, 2011. Page number: 69. © 2007 Daily Mail. COPYRIGHT 2011 Gale Group.
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