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The American Empire in a Changing World



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Saturday, June 18, 2011

'US used Strauss-Kahn ouster to dictate terms of Greek bailout'

from wsws.......

"The latest revelations regarding the role of the US in the European debt crisis, however, reveal the extent to which Washington under Obama is prepared to use its own Machiavellian tactics to enforce its own policy requirements in the interest of American banks.


“To understand how powerful forces are using the current scandal, one need only refer to a front-page story in Wednesday’s Wall Street Journal headlined ‘Pressure Is Building on Jailed IMF Chief.’ The piece states that the Obama administration has ‘strongly signaled it was time for the International Monetary Fund to replace Dominique Strauss-Kahn as its chief, indicating that he can no longer be effective in his job.’ Clearly, the arrest of Strauss-Kahn is seen by the US government as a political opportunity”.


This analysis has now been completely confirmed. The US government immediately grasped the affair surrounding Strauss-Kahn as a “political opportunity” to push its man, John Lipsky, into the chair of the IMF and dictate its terms for a new Greek bailout based on defending and advancing the interests of Wall Street. The 64-year-old Lipsky has announced his intention to retire soon, but no doubt Obama and Sarkozy discussed terms in Deauville for an appropriate successor—the favored candidate for the post is the current French finance minister Christine Lagarde"..........LINK

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