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Sunday, May 15, 2011

IMF Thrown Into Disarray

The IMF and quite likely the world economic system, has been thrown into disarray after the arrest in New York of the CEO of the IMF Dominique Strauss-Kahn.

Today's talks between German Chancellor Angela Merkel and Strauss-Kahn, about the Euro crisis, have been cancelled.

Well run organisations should have a secession plan in place, in the event of the "incapacity" of senior executives.

The IMF will now have to dust it off and implement it, assuming that it has one.

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