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December 20, 2011

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DSK returns to public life after sex scandal

FORMER IMF head Dominique Strauss-Kahn began his public return yesterday with a speech at a business conference in Beijing after the scandal over his arrest in New York City on sexual assault charges.

Speaking at an event organized by Chinese Internet company NetEase.com Inc, Strauss-Kahn made no mention of his May arrest or his resignation as managing director of the International Monetary Fund. The case against him collapsed in August amid questions about the credibility of his accuser.

Strauss-Kahn called for closer European Union integration and a unified budget to allow the EU to move money around the continent to ease financial strains. He said measures adopted so far by European leaders were inadequate to solve the continent's economic crisis.

"We need to have the European Union being a real union. That is the only way to solve the crisis," he said.

Without effective action, Strauss-Kahn said he sees the possibility of Europe having no economic growth for five to seven years.

Appearing on stage with him, prominent Chinese economist Li Daokui praised Strauss-Kahn's "huge contributions" to the global economy while at the IMF.

"In China, a lot of people still support you and really love you," said Li, a member of the central bank's monetary policy advisory committee. "Beijing probably is the most welcoming place for you."

The scandal destroyed Strauss-Kahn's plans for a possible run in French presidential elections next year. New York prosecutors dropped a charge of attempted rape after they said they lost confidence in the hotel maid who made the accusation.




 

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