Which will crack first, the euro or the dollar?

The papers this morning are full of the news of the arrest of Dominique Strauss Kahn, managing director of the International Monetary Fund (IMF). Strauss-Kahn was arrested in New York after allegedly attacking a maid in his hotel room. He denies all charges. We'll not delve into the details of the story here. But his arrest comes at a very sensitive time for the markets. Strauss-Kahn was meant to be attending a meeting of eurozone finance ministers in Brussels today, to discuss among other things, the fate of Europe's weakest link – Greece. It's not a killer blow. But it certainly won't make things any easier.