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IMF chief incident won't impact Greece

IMF chief incident won’t impact Greece

(16 May 2011 – Greece) The arrest of International Monetary Fund (IMF) chief Dominique Strauss-Kahn will have no impact on Greece’s resolve to fix the country’s public finances government spokesman George Petalotis said. 'We have a specific program that the IMF also takes part in, and we are continuing to implement that program,' Mr Petalotis said.

'As such, it is not an issue of individual personalities; it is an issue of institutional arrangements.'

Mr Strauss-Kahn was charged with attempted rape, criminal sexual act and unlawful imprisonment over the weekend in an alleged incident involving a cleaning woman in the New York Sofitel Hotel where he was staying.

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.

During a visit to Athens in December the IMF chief had been highly critical of other European leaders for not reacting more quickly to the euro-zone debt crisis, and had lauded Greece for its reform efforts.

Mr Strauss-Kahn also is on friendly terms with Greek Prime Minister George Papandreou. He has been a supporter of Greece's reform efforts and was instrumental in helping to hammer out the €110 billion (A$147 billion) bailout package with the European Union and IMF in May 2010 to keep Greece out of default.
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