Word: strausses
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...Humbled and no doubt shamed by the world-wide attention the now infamous fling attracted, Strauss-Kahn echoed similar sentiments in responding to the finding, saying "I very much regret the incident and I accept responsibility...
...Officially, that closes the book on the matter, which arose from a brief relationship that Strauss-Kahn initiated in January with the IMF's then-head of its Africa department, Hungarian economist Piroska Nagy. Now the question is whether the former French Finance Minister and Socialist Party presidential hopeful can move past the considerable distraction the scandal has caused, and turn to the rising chorus of voices calling to make the IMF central to the world's effort to face the surging financial and economic crisis...
...reformed, unified, and better-regulated global finance system. Sarkozy has gone so far as to call for the "moralization of finance markets" and "re-foundation of capitalism". Though the most rabid adepts of laissez-faire systems like the U.S. are expected to rebuff such efforts to impose international strictures, Strauss-Kahn's profile as a respected economist and market-friendly leftist leaves him in a rare spot: The head of an international agency about to extend its powers that political and business leaders on both sides of the Atlantic and Asia feel they can deal with...
...That credibility, however, seriously suffered from the uproar over Strauss-Kahn's affair. That will leave him with the difficult challenge of taking up the leading role many global politicians now call for the IMF to assume, even as many of his own staffers-particularly women-continue to regard Strauss-Kahn with resentment and disdain. Proving his reformist talents in a time of crisis as he also demonstrates unimpeachably monogamous behavior will not only be vital for Strauss-Kahn to up the IMF's role in a re-regulated international finance system; it may also be essential to his hopes...
...risk for Strauss-Kahn is that this thing may be dragged out again as campaigning starts to raise questions about his responsibility and stability," says Laurent Joffrin, editor of the left-leaning daily Liberation. That threat is especially true given Strauss-Kahn's long-standing reputation in France as a man with formidable and proven powers of seduction...