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November 21, 2008 8:35:31 PM CST

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Dominique Strauss Kahn

Dominique Strauss Kahn news stories

8 Stories

 IMF Won't 
 Punish Boss 
 Over Affair 

But 'serious error in judgment' sidetracked fund

Wall Street Journal Wall Street Journal Oct 26, 08 9:08 AM CDT
(Newser) - The IMF’s governing board unanimously cleared its managing director of using his position to pursue an affair with a subordinate, the Wall Street Journal reports. Dominique Strauss-Kahn didn’t engage in “harassment, favoritism, or any other abuse of authority,” but his actions were “regrettable and reflected a serious error of judgment,” the board said, citing the incident as a major distraction for the fund. More »

More about:  investigation • affair • abuse • IMF • International Monetary Fund • probe • Dominique Strauss Kahn • harassment

Amid Scandal, IMF Exec Wins Praise for Nimble Work

Strauss-Kahn's 'activist' economics suit crisis

Bloomberg Bloomberg Oct 20, 08 1:05 PM CDT
(Newser) - Even as he faces a probe for misconduct, the head of the International Monetary Fund is being praised for a decisive response to the world financial crisis, Bloomberg reports. Europe’s chief banker says he’s “convinced the investigation will prove that Dominique Strauss-Kahn didn’t abuse power.” Strauss-Kahn, 59, has streamlined the fund’s process for loans to strapped countries, with Iceland and Hungary among the needy. More »

More about:  Financial Crisis • scandals • investigation • Paul Wolfowitz • IMF • International Monetary Fund • Iceland • probe • Dominique Strauss Kahn • Bretton Woods

 IMF Chief Probed Over Affair

Investigation rattles key organization during financial crisis

Wall Street Journal Wall Street Journal Oct 18, 08 9:51 AM CDT
(Newser) - In a shakeup amid the financial crisis, the International Monetary Fund is investigating whether its managing director abused his position in an affair with a subordinate, the Wall Street Journal reports. Backed by US and Russian representatives, Egypt’s rep to the IMF called for the probe into the relationship between Dominique Strauss-Kahn and a woman who at the time was a senior official in the Africa department. More »

More about:  Financial Crisis • investigation • affair • Paul Wolfowitz • International Monetary Fund • Dominique Strauss Kahn

(Newser) - President Bush and his allies tried to steady plunging markets today after meeting in Washington, but proposed no new plan, Reuters reports. International Monetary Fund chief Dominique Strauss-Kahn warned that the global economy was facing "systemic meltdown," but backed the G7's as yet undefined rescue plan, saying it would "unfreeze" markets in a few days. More »

More about:  George W. Bush • Financial Crisis • bailout • IMF • Group of Seven • Dominique Strauss Kahn

IMF to US: Do Something NOW

Monetary fund chief pressures Congress to pass bailout, Europe to make plans

Guardian (UK) Guardian (UK) Oct 1, 08 7:30 AM CDT
(Newser) - The US must act swiftly to avoid economic meltdown and Europe's banks need to be ready with emergency plans of their own, IMF's managing director warns. European and Asian markets have bounced back on the prospects of a revived US bailout deal, but JP Morgan analysts warned yesterday that Europe's banks face another $45 billion in losses before the end of the year, the Guardian reports. More »

More about:  Financial Crisis • bailout • financial markets • IMF • European markets • central bank • Dominique Strauss Kahn

G-7 Leaders Offer No Fix for Credit Crisis

Ministers endorse more transparency, but not coordinated action

Wall Street Journal Wall Street Journal Apr 14, 08 7:31 AM CDT
(Newser) - Group of Seven finance ministers ended 3 days of meetings in Washington yesterday by endorsing a plan to create greater transparency and oversight in financial markets to avert future crises, but no emergency measures to stem the current one. Despite a downbeat report on the likelihood of worldwide recession, and even hunger riots as the cost of food continues to soar, responses to the credit crisis remain national responsibilities, writes the Wall Street Journal . More »

More about:  Financial Crisis • credit crisis • recession • World Bank • hunger • IMF • Group of Seven • Dominique Strauss Kahn • hunger riots

World Money Chief Calls for Global Action

IMF head foresees widespread slowdown, backs US stimulus

Financial Times (UK) Financial Times (UK) Jan 28, 08 10:55 AM CST
(Newser) - With a global recession looming, the head of the IMF has warned bankers meeting in Davos, Switzerland, that lower interest rates alone won’t avert a crisis, the Financial Times reports. Dominique Strauss-Kahn called on governments to follow the US in easing fiscal policies, reversing a quarter-century of emphasis on tight spending. IMF forecasts due this week show a “serious slowdown” globally, he said. More »

More about:  recession • subprime crisis • interest rate cut • IMF • International Monetary Fund • John Thain • Larry Summers • Dominique Strauss Kahn • Davos

IMF Agrees
to Cancel Liberia's Debt

Victory for country's president represents coup for new fund head

BBC BBC Nov 13, 07 9:20 AM CST
(Newser) - Liberian president Ellen Johnson-Sirleaf got a huge vote of confidence yesterday when the International Monetary Fund agreed to begin eliminating Liberia's debt, the BBC reports. Donor nations have pledged $842 million to get the West African country back on track after 14 years of civil war. "Liberia has established an encouraging track record of macroeconomic management and reforms," said the IMF's new chairman, Dominique Strauss-Kahn. More »

More about:  Liberia • Dominique Strauss Kahn • Ellen Johnson Sirleaf

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