Sunday, May 15, 2011

Greece Says Arrest Won't Change Reform Plans

Wall Street Journal
May 15, 2011

Greece said that the arrest in New York of the chief of the International Monetary Fund, Dominique Strauss-Kahn, would have no impact on the government's resolve to fix the country's public finances.

"We have a specific program that the IMF also takes part in, and we are continuing to implement that program," Greek government spokesman George Petalotis said. "As such, it is not an issue of individual personalities, it is an issue of institutional arrangements."

New York police on Sunday charged Mr. Strauss-Kahn with attempted rape, criminal sexual act and unlawful imprisonment. Mr. Strauss-Kahn was taken into police custody on Saturday night after being removed from an Air France plane bound for Paris. A law enforcement official said Mr. Strauss-Kahn allegedly forced a cleaning woman onto his bed and sexually assaulted her at around 1 p.m. Saturday inside his room at the Sofitel Hotel near Times Square.

Greek officials privately conceded that if Mr. Strauss-Kahn is proven guilty, it would amount to a major blow for country's search for allies if it needs further financial aid.

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