The Great Debate UK

Trichet’s United States of Europe?

June 3, 2011

By Kathleen Brooks. The opinions expressed are her own.

Another week another round of EU officials proposing solutions to the Greek insolvency problem.

from Felix Salmon:

The fraught politics facing Lagarde

By Felix Salmon
May 24, 2011

To get an idea of the job facing the new head of the IMF, check out Patrick Wintour's interview with Vince Cable, a UK cabinet minister who, perfectly sensibly, says that Greece is going to have to restructure its debts. Cable puts a positive spin on the idea: a "soft restructuring", he says, with Greece staying in the euro zone, could lead to a closer political union.

from The Great Debate:

How Lagarde should be appointed at the IMF

By Mohamed El-Erian
May 20, 2011

By Mohamed El-Erian
The opinions expressed are his own.

Eager to retain a historical but outmoded entitlement, European politicians seem to be coalescing around Christine Lagarde to replace Dominique Strauss-Kahn as Managing Director of the IMF. Lagarde has the qualifications to successfully lead a multilateral institution that is central to the well being of the global economy. Her ability to do so, however, may critically depend on how she is appointed.

from Reuters Investigates:

Will the real DSK please stand up

May 19, 2011

As Dominique Strauss-Kahn returned to court today for a bail hearing in the sexual assault case that has captivated world media, the big question remains -- who is the real DSK?

from The Great Debate:

DSK saga is not just a French thing

By Maureen Tkacik
May 18, 2011

By Maureen Tkacik

Whatever transpired in Suite 2806 of the Midtown Sofitel early Saturday afternoon, it seems clearer with each passing hour that being accused of sexual assault is far from a “Black Swan” event in the life of DSK. In 2007, the journalist Tristane Banon told a TV talk show host he had wrestled her to the ground and torn off her clothes during an interview a few years earlier; the talk show host in turn allowed that he knew “fourteen” separate women with similar tales. DSK’s name was eventually edited out of the broadcast for largely legal reasons, but it surfaced the next year when the IMF was forced to launch an investigation into his affair with a subordinate.

from Felix Salmon:

The IMF oddsmakers

By Felix Salmon
May 18, 2011

The Economist has one list of William Hill odds for who's going to succeed Dominique Strauss-Kahn as managing director of the IMF; William Hill itself has a slightly different list. I would be much obliged if a reader in the UK would please pop down to William Hill for me and place a lot of money on Christine Lagarde at 20-1, as she's listed on the William Hill site, or even at 14-1, where the Economist has her.

from Breakingviews:

IMF should use crisis to toughen itself up

May 18, 2011

By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Felix Salmon:

How will the new IMF head be chosen?

By Felix Salmon
May 17, 2011

It takes Mohamed El-Erian until the very last paragraph of his FT op-ed to rule himself out of the running for managing director of the IMF: "I will not be part of this process," he says, adding that "I already have a great job, here in California."

from Felix Salmon:

Why DSK’s arrest is bad for the IMF, France, and Greece

By Felix Salmon
May 16, 2011

With Dominique Strauss-Kahn being denied bail this morning, it's clear he can no longer run the IMF, let alone run for president of France. No matter how the trial turns out -- even if he's fully exonerated of all charges -- this arrest has effectively ended DSK's career.

from The Great Debate:

Strauss-Kahn allegations are consequential for the global economy

By Mohamed El-Erian
May 16, 2011

By Mohamed A. El-Erian
The opinions expressed are his own.

This weekend's detention of the IMF's chief on allegations of sexual assault has implications that go well beyond the impact on Dominique Strauss-Kahn's (or, as he is commonly known, DSK) international prestige. They could also impact the IMF, France, market uncertainty and the well-being of the global economy.