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The main option under consideration for Greece now is a voluntary deal by investors to maintain their Greek bond holdings over the period of another EU/IMF program from 2011 to 2014, euro zone sources said.

Gordon Brown’s chances of taking over as boss of the International Monetary Fund (IMF), now that DSK has resigned, got even dimmer after UK Business Secretary Vince Cable indicated that Westminster would prefer from a Euro Zone nation as the new IMF chief.

Dominique Strauss-Kahn, the disgraced chief of IMF who resigned yesterday due to mounting international pressure, was looked upon as a great economist of all times. DSK, as he is popularly known, was all set to run for French Presidency next year in the banner of the Socialist Party.

While the public sentiment is clearly against the IMF chief in the U.S., several polls showed that the French are on the side of the millionaire and in denial over the scandal.

German Chancellor Angela Merkel told BBC that she will back a European candidate to head the International Monetary Fund, following the resignation of Dominique Strauss-Kahn.

After the resignation of besieged chief Dominique Strauss-Kahn, China on Thursday has insisted for emerging nations to be selected in the top leadership of the International Monetary Fund, Economic Times reported on Thursday.

Dominique Strauss-Kahn, the managing director of International Monetary Fund, has resigned from his position following charges of alleged sexual assault of a New York hotel maid.

IMF Chief Dominique Strauss-Kahn has resigned from the Executive Board of the International Monetary Fund following the alleged sexual assault at a Manhattan hotel last weekend.

John Lipsky will take over as acting managing director of the International Monetary Fund (IMF) following the resignation of Dominique Strauss-Kahn on Wednesday following the charges of alleged sexual assault against him.

IMF Managing Director Dominique Strauss-Kahn Resigns

IMF Chief Dominique Strauss-Kahn has resigned from the post of managing director's position as Strauss-Kahn is accused of attempted rape and unlawful imprisonment.

Beleaguered IMF chief Dominique Strauss-Kahn has said he is quitting as Managing Director of the Fund with immediate effect. Strauss-Kahn, who is facing sexual assault charges in New York and is in jail currently, issued a statement saying he has informed the IMF executive board of his intention to step down with immediate effect, BBC reported.

Dominique Strauss-Kahn’s reputation of inappropriate behavior with women was so alarming that as long as four years ago, French President Nicolas Sarkozy warned him to control his behavior just prior to his assumption of the managing directorship of the International Monetary Fund (IMF), according to a report in The Times newspaper of Britain.

The woman who has accused Dominique Strauss-Kahn of attempted rape did not know about his position as a top-ranked French politician or as managing director of the International Monetary Fund, her lawyer said on Tuesday.

The IMF warned Greece on Wednesday it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain.

The IMF warned Greece on Wednesday that a drive to shore up its troubled finances would fail unless Athens redoubled its reform efforts, and the ECB hit back at suggestions a debt restructuring might be the solution.

The International Monetary Fund’s (IMF) chief official responsible for Greece has warned the debt-stricken country must take even more austerity measures in order to reduce its massive budget deficit.

The IMF warned Greece on Wednesday it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain.

Amidst intensifying calls for him to resign from his job as head of the International Monetary Fund (IMF), Dominique Strauss-Kahn is finding much support and sympathy from his fellow countrymen in France.

Greece's plan for reducing its budget deficit will fall short unless the government steps up fiscal and structural reform efforts, the IMF's chief of mission to the debt-laden country said on Wednesday.

Spot Gold prices rallied against all major currencies on Wednesday morning, hitting $1491 per ounce and rising 1.2% from yesterday's eight-day low as stock and commodity markets also gained.

The IMF warned on Wednesday that Greece's drive to shore up its troubled finances would fail unless it sharply accelerated reforms, and the ECB hit back at suggestions a debt restructuring might be the solution.

India's Planning Commission deputy chairman Montek Singh Ahluwalia said Wednesday that he was not putting forward his name for the top IMF job.

The race is on to choose the successor of Dominique Strauss-Kahn as the head of International Monetary Fund (IMF) as pressure mounted on the international agency to force him to resign after his arrest on sex assault charges.

Jailed IMF chief Dominique Strauss-Kahn is not in a position to run the International Monetary Fund, said Timothy Geithner, US Treasury Secretary.

The French media is actively discussing whether Dominique Strauss-Kahn has an alibi in the sexual assault case even as it emerged that more women had called him a sexual predator.

The race to replace Dominique Strauss-Kahn as the head of International Monetary Fund (IMF) heated up, Tuesday, even as pressure mounted on the international agency to force him to resign so that its authority is not undermined.

Jack Lang, a Frenchman and member of Dominique Strauss-Kahn’s political party, is angry at the “inhuman” way Strauss-Kahn has been treated by US authorities.

The International Monetary Fund chief accused of sexually assaulting a Manhattan hotel maid is on suicide watch in his Rikers Island cell.