Thursday, May 19, 2011

THE INTERNATIONAL MONETARY FUND CHAIRMAN RESIGNATION, DEPITE DENIAL OF INVOLVEMENT IN SEXUAL ASSAULT ATTEMPT POSED MANY QUESTIONS.

Strauss Kahn resignation as chairman of the International Monetary Fund, during his arrest, despite his denial of any involvement in the sexual assault attempt accusation that has been directed against him posed many questions and inquires that have not been answered. However, his lawyer and doctor's assesment of his health condition described him as a person in good health and mental condition, except the minor fatique caused by the circumstance he may have been subjected to before and during the arrest. Other sources referred to his denial as a chance that could rescue his political career and reputation in France and the USA, eventhough his resignation may have been regarded as an escape from the decision for the inclusion of some of the third world countries such as China, India and Brazil on the list of the world's dominant economies that could further grow and gain much of the world's economic clout and privilege. Besides the fact that one of the mentioned countries currency may become possible replacement of the current world's reserve currency, due to the mounting debt and growing budget deficit in the USA and in the European Union countries combined which have been calculated to have exceeded 92.4% and 81.2% respectively, or it may have been an escape from early retirement, or both.

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