Monday, December 19, 2011

Strauss-Kahn sees ‘growth crisis’ in Europe

Financial Times
December 19, 2011

Dominique Strauss-Kahn, the former head of the International Monetary Fund, made a defiant return to public life on Monday, warning European leaders that they were in denial about the Continent’s economic crisis and have only weeks to come up with real solutions.

As the keynote speaker at a conference in Beijing, it was Mr Strauss-Kahn’s first formal address since facing a charge, which was later dropped, of the attempted rape of a hotel chamber maid in May that led to his resignation as head of the IMF.

Mr Strauss-Kahn made no comments about his personal ordeal. Instead, he spoke for nearly an hour about the problems plaguing the global economy. He sounded as on top of matters as when he was IMF chief, but dispensed with diplomatic niceties in diagnosing Europe’s woes.

“It appears today as a debt crisis. More than that, it is a growth crisis. Behind the growth crisis is a leadership crisis,” he said.

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