Head of IMF arrested and accused of sexual assault

[Jan Klimkowski]

My eyes glaze with suspicion when I hear the phrase "A Wall Street Journal investigation".

So, with a big health warning, here (via Zero Hedge) is the story being channelled through the WSJ.

If it contains any truth, the story does provide a clear motivation for the "fixing" of DSK, jailed and marginalized through deliberate exploitation of his arrogance and libido...

At a closed-door meeting in Washington on April 14, Europe's effort to contain its debt crisis began to unravel.

Inside the French ambassador's 19-bedroom mansion, finance ministers and central bankers from the world's largest economies heard Dominique Strauss-Kahn, then-head of the International Monetary Fund, deliver an ultimatum.

Greece, the country that triggered the euro-zone debt crisis, would need a much bigger bailout than planned, Mr. Strauss-Kahn said. Unless Europe coughed up extra cash, the IMF, which a year earlier had agreed to share the burden with European countries, wouldn't release any more aid for Athens.

...

It was to be Europe's fateful spring. A Wall Street Journal investigation, based on more than two dozen interviews with euro-zone policy makers, revealed how the currency union floundered in indecisionfailing to address either the immediate concerns of investors or the fundamental weaknesses undermining the euro. The consequence was that a crisis in a few small economies turned into a threat to the survival of Europe's common currency and a menace to the global economy.

...

The April meeting ended inconclusively.