It was in 1999 that Dominique Strauss-Kahn had to resign his ministerial office over the ELF and MNEF corruption scandals. He was acquitted in 2001 and in some ways this has taken attention away from his appalling record of incompetence. He is the worst sort of statist lefty, espousing the sort of economics and politics we thought we had seen the back of in the 70s. The idea that he might be put in charge of anything bigger than a medium-sized branch of Monoprix fills me with dread, but of course President Sarkozy, with classic insouciance to the interests of anyone but the European Political Class, (a theme to which I shall revert) wants him as Managing Director of the IMF.
Great article in The Business by Matthew Lynn supporting the Russian choice, the Czech Josef Tosovsky. In fact Toss-offski seems very well qualified for the job, but anything would be better than DSK, whom Lynn realistically compares to Austin Powers.
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