By STAFF Writer
THURSDAY, May 19, 2011
Maintaining his innocence while battling with sexual charges, International Monetary Fund Chairman has resigned from his post, saying he served the post with “honor and devotion”.
He sent a letter to the IMF board, denying any involvement in sexual assault with a hotel maid. In his letter he said with “greatest possible firmness” that he was not involved in any sexual transgression, giving his resignation to protect the institution, which he (said) served with dedication and honor. He further emphasized on proving his innocence, devoting his time, strength and energy.
Mr. Strauss-Kahn said that he forced to resign with “infinite sadness.”
It was earlier reported that Mr. Strauss-Kahn was placed on a suicide watch, but one of his attorneys, William Taylor, said his client was in acceptable mental condition.
“It was serious, but good," said Taylor. "He is a strong man and he is committed to seeing this through."
The resignation suddenly bewildered IMF board, igniting dispute over a successor. Presently his deputy, John Lipsky, an American, will serve as acting managing director. There are many contenders already lined up where fast growing economic nations like China, Brazil and South Africa want to break Europe’s monopoly over the post.
German Chancellor Angela Merkel says developing economies can have their rights to fight for the post, but seeing the present turmoil in the eurozone demands a European IMF leader. On the other hand, Brazil's finance minister, Guido Mantega says the post should be filled on the basis on merit.
THURSDAY, May 19, 2011
Maintaining his innocence while battling with sexual charges, International Monetary Fund Chairman has resigned from his post, saying he served the post with “honor and devotion”.
He sent a letter to the IMF board, denying any involvement in sexual assault with a hotel maid. In his letter he said with “greatest possible firmness” that he was not involved in any sexual transgression, giving his resignation to protect the institution, which he (said) served with dedication and honor. He further emphasized on proving his innocence, devoting his time, strength and energy.
Mr. Strauss-Kahn said that he forced to resign with “infinite sadness.”
It was earlier reported that Mr. Strauss-Kahn was placed on a suicide watch, but one of his attorneys, William Taylor, said his client was in acceptable mental condition.
“It was serious, but good," said Taylor. "He is a strong man and he is committed to seeing this through."
The resignation suddenly bewildered IMF board, igniting dispute over a successor. Presently his deputy, John Lipsky, an American, will serve as acting managing director. There are many contenders already lined up where fast growing economic nations like China, Brazil and South Africa want to break Europe’s monopoly over the post.
German Chancellor Angela Merkel says developing economies can have their rights to fight for the post, but seeing the present turmoil in the eurozone demands a European IMF leader. On the other hand, Brazil's finance minister, Guido Mantega says the post should be filled on the basis on merit.
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IMF leadership battle begins as chief resigns
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