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DOMINIQUE STRAUSS-KAHN

French accuser dreading Strauss-Kahn face-off

A French writer who has accused Dominique Strauss-Kahn of attempted rape said on Saturday she was afraid to confront the former IMF chief and did not expect to sleep the night before a planned
meeting.

Published: 25 September 2011 19:21 CEST
French accuser dreading Strauss-Kahn face-off
Canal+ screenshot

French prosecutors on Friday said they would set up a face-to-face confrontation between Tristane Banon, 32, and the man she says locked her in a bare Paris flat in 2003 and assaulted her.

“Obviously I’m afraid. Obviously I’m not going to sleep the night before,” said Banon, responding to journalists’ questions about the prospective meeting.

Speaking at a rally organised by women’s rights groups and attended by around 100 supporters, Banon said she hoped her allegations would ultimately be assessed by a court.

“I am quite happy to see that justice is following its course,” she said.

“I have nothing to gain here. Neither a notoriety which I wouldn’t wish on anyone, nor money,” Banon said, adding she would give away any money awarded to her in a civil case she has vowed to file.

“It’s not fun being Tristane Banon at the moment,” she said.

Her mother Anne Mansouret, who was once Strauss-Kahn’s friend and one-time
lover, was also at the rally.

“I hope my daughter won’t be left disturbed, that she will cope,” Mansouret said.

Banon first made her allegations public on television in 2007, but only brought them to magistrates after a chambermaid at an upscale New York hotel accused Strauss-Kahn of sexual assault.

The New York prosecutor’s case collapsed last month after doubts emerged over the credibility of his accuser, Guinean immigrant Nafissatou Diallo, who is still seeking damages from a civil court in New York.

Diallo offered support to Banon on Saturday, conveyed through a woman who heads a group of Diallo’s French supporters.

“Nafissatou Diallo is, at this moment, here in her heart, next to Tristane Banon … next to all the women of France who are calling for justice,” Claude Ribbe said.

“She instructed me to tell you that she told the truth,” Ribbe added, refering to Diallo’s claims that Strauss-Kahn attacked her at New York’s Sofitel hotel.

Banon accuses Strauss-Kahn of wrestling with her “like a rutting chimpanzee” after luring her into an unfurnished Paris flat on the pretext of offering her an interview for a book she was writing.

Strauss-Kahn, 62, has admitted making “an advance” on Banon, but denies any use of violence and has lodged a lawsuit for slander against the writer over her claim.

Prosecutors have yet to decide whether to pursue charges.

Banon’s complaint is for attempted rape rather than sexual assault or harassment, and if the prosecutor decides to downgrade the charge Strauss-Kahn would be protected by a statute of limitations on the lesser crimes.

Banon told a television interviewer this week that she was keen to confront her alleged abuser in front of police.

“I want him in front of me so he can look into my eyes and say to my face that I imagined it,” Banon said in the interview.

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ECONOMY

World unprepared for next financial crisis: ex-IMF chief Strauss-Kahn

The world is less well equipped to manage a major financial crisis today than it was a decade ago, according to Dominique Strauss-Kahn, a former chief of the International Monetary Fund (IMF).

Published: 9 September 2018 14:08 CEST
World unprepared for next financial crisis: ex-IMF chief Strauss-Kahn
Former French Economy Minister and former managing director of the International Monetary Fund (IMF) Dominique Strauss-Kahn , poses during a photo session in Paris on Thursday. Photo: JOEL SAGET / AFP
In an interview with AFP, the now-disgraced Strauss-Kahn — who ran the fund at the height of the 2008 financial meltdown — also said rising populism across the world is a direct result of the crisis. 
 
Strauss-Kahn resigned as head of the IMF in 2011 after being accused of attempted rape in New York, although the charges were later dropped. He settled a subsequent civil suit, reportedly with more than $1.5 million.
 
Q: When did you become aware that a big crisis was brewing?
 
A: When I joined the IMF on Nov 1, 2007, it became clear quite quickly that things were not going well. That is why in January 2008, in Davos, I made a statement that made a bit of noise, asking for a global stimulus package worth two percent of each country's GDP. In April 2008, during the IMF's spring meetings, we released the figure of $1,000 billion that banks needed for their recapitalisation.
 
Q: Did the Bush administration grasp the danger of Lehman Brothers going bankrupt?
 
A: No, and that is why Treasury Secretary Henry Paulson decided not to save Lehman, because he wanted to make an example of it in the name of moral hazard. Like everybody else, he considerably underestimated the consequences. Allowing Lehman to go under was a serious mistake. Especially because only a week later they were forced to save the insurer AIG, which was much bigger.
 
Q: Ten years on, are we better equipped to deal with a crisis of such a magnitude?
 
A: No. We have made some progress, particularly in the area of banks' capital adequacy ratios. But that is not nearly enough. Imagine Deutsche Bank suddenly finding itself in difficulty. The eight percent of capital it has at its disposal are not going to be enough to solve the problem. The truth is that we are less well prepared now. Regulations are insufficient.
 
Q: How so?
 
A: After 2012-2013 we stopped talking about the need to regulate the economy, for example concerning the size of banks, or concerning rating agencies. We backtracked, which is why I am pessimistic about our preparedness. We have a non-thinking attitude towards globalisation and that does not yield positive results.
 
Q: Do we still have international coordination?
 
A: Coordination is mostly gone. Nobody plays that role anymore. Not the IMF and not the EU, and the United States president's policies are not helping. As a result, the mechanism that was created at the G20, which was very helpful because it involved emerging countries, has fallen apart. Ten years ago, governments accepted leaving that role to the IMF. I'm not sure it is able to play it today, but the future will tell.
 
Q: Do you believe that Donald Trump's election is a consequence of the crisis?
 
A: I believe so. I'm not saying that there was a single reason for Trump's election, but today's political situation is not unconnected to the crisis we lived through, both in the US with Trump and in Europe.
 
Q: Connected how?
 
A: One of the consequences of the crisis has been completely underestimated, in my opinion: the populism that is appearing everywhere is the direct outcome of the crisis and of the way that it was handled after 2011/2012, by favouring solutions that were going to increase inequalities.
 
Quantitative easing (by which central banks inject liquidity into the banking system) was useful and welcome. But it is a policy that is basically designed to bail out the financial system, and therefore serves the richest people on the planet.
 
When there's a fire, firemen intervene and there is water everywhere. But then you need to mop up, which we didn't do. And because this water flowed into the pockets of some, and not of everyone, there was a surge in inequality.
 
By AFP's Antonio Rodriguez