Dominique Strauss Kahn

Kahn is a French economist, lawyer, politician, and a member of the Socialist Party of the French Social Democratic Party. He was previously the Minister of Finance of France and the 10th President of the International Monetary Fund. Currently, he is the managing partner of Parnasse International. In 1986, Kahn was elected as a member of the Socialist Party for the first time as a member of Parliament and quickly demonstrated exceptional talent in handling economic and financial affairs. In 1991, then French President Mitterrand appointed Kahn as the Minister of Industry and Domestic Trade of France. Six years later, the Socialist Party won the election and France entered the era of Chirac's rule, while Kahn was appointed as the Minister of Finance by then French Prime Minister Dominique de Villepin, becoming the most influential minister. In order to enrich the national treasury, Kahn vigorously advocated for corporate privatization and promoted the initial public offering of large enterprises such as France Telecom and Air France. When Kahn took control of the French economy, the French economy achieved brilliant achievements, with a significant increase in gross domestic product and a continuous decline in unemployment and fiscal deficit. It is particularly worth mentioning that the measures he took led to the creation of 300000 jobs in France in 1998, which is also the highest level in the French job market in nearly 30 years. Before officially using the euro as the unified currency of the eurozone, Strauss-Kahn's correct measures to tighten the French fiscal budget earned him unanimous praise from the outside world. At the mint in Bordeaux, southwestern France, then French Minister of Finance, Kahn personally initiated the coinage mechanism to create the first euro coin. This is undoubtedly the most glorious page of Kahn's personal political career. During his tenure as French Finance Minister from 1997 to 1999, the French economy was one of the fastest-growing economies in the European Union, and he won praise for his budget tightening measures in France before using the euro. This may be one of the reasons why Jean-Claude Juncker, the chairman of the Eurogroup, supports Kahn as the IMF president. The success of the euro was greatly attributed to Kahn, as he successfully managed to keep the French fiscal deficit within the prescribed range. Since then, Kahn has been active in enhancing political cooperation among countries within the eurozone. When the euro was introduced in early 1999, sovereigns complained about losing their currency rights. At that time, French Finance Minister Strauss Kahn replied that it was not right. The currency rights after the war were in the hands of the United States. After the euro was introduced, we will work with our European partners to regain currency sovereignty. After Kahn resigned as French finance minister in 1999, the Financial Times claimed that the eurozone had lost one of its most influential policy makers. After Kahn left, I don't know who can take on the leadership responsibility. From 2000 to 2007, Kahn taught economics at the Paris School of Political Science. Richard Crowne, Dean of the Paris School of Political Science and Chairman of the French National Foundation for Political Science, also highly praised Kahn. He stated that Kahn is an experienced politician who has established extensive network relationships worldwide.