Tuesday, May 17, 2011

Strauss-Kahn's Fall


10 Facts you should know
Dominique Strauss-Kahn is a French economist, lawyer, and politician
Strauss-Kahn is a former communist and member of the Socialist Party of France
In 2007, he became the Managing Director of the International Monetary Fund (IMF)
Strauss-Kahn has been arrested for attempted rape
The trial was held Monday, May 16th, 2011 in Manhattan
Strauss-Kahn was charged for attempting to rape his hotel maid on Saturday, May14th, 2011
Many European countries have always disliked Strauss-Kahn, but need the support of the IMF
Strauss-Kahn persevered and continued to help to bring these countries financial aid
Now that Strauss-Kahn is out of the picture, debt-choked European countries are undergoing difficult economic times
Some European countries fear that more powerful countries will enforce their hard-line policies (Germany in particular)


In my opinion Dominique Strauss-Kahn’s fall is harming multiple European countries. The defeat of the Managing Director of the International Monetary Fund will prove disastrous for the countries to which it provides financial stability. Debt-choked countries who rely on the IMF to provide the finances required to keep their economy stabilized will grieve over the arrest of Strauss-Kahn. Unfortunately his fall will take its toll on not only the IMF itself, but on the countries in which it is invested. Strauss-Kahn was not a popular figure in a number of European countries involved with the IMF, but his defeat means that those countries are in for a trying time; without Strauss-Kahn, these countries will easily be filtered into the ways of more powerful Euro countries (such as Germany). In conclusion, the detainment of Dominique Strauss-Kahn, although justified, will have a negative effect on European countries which are dependent on the IMF.

Environmental
Political
Social & Cultural
Economic
Countries in poverty because of national financial instability will become littered and filled with wreckage and filth
è    pollution

Citizens will overexploit natural resources in search for profit from trade or industry
è    Diminish natural resources
IMF is an international government organization
è    Loses world reputation
Effects the governments of many desperate European countries
è    Leaves them open for powerful countries to enforce their hard-line policies
Makes a poor exemplar for other IGOs
European countries lose faith in the IMF
è    Financial instability
France is given a poor reputation
è    Sets the climate for the Socialist party of France to rise
Gives power to other IGOs
è    IMF supporters are left without a cause
àbrings other parties into power
Trade will increase between poor European countries

Financial debt increases
àcivil war

European national debt increases
àwar

Inflation
àDepression




How did this issue start?
How should this issue be resolved?
On Saturday, May 14th, 2011 Dominique Strauss-Kahn, the leader of the IMF, attempted to rape his hotel maid and was arrested before his New York-bound flight took off
Dominique Strauss-Kahn should be tried in court and punished accordingly

He should be fired as Managing Director of the IMF, and denied return

Dominique Strauss-Kahn should make a public apology on behalf of the IMF to allow the worthy IGO to maintain its reputation, and save Europe from worsening its debt



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