Dominique Strauss-Kahn, once considered a leading contender to win the French presidency next year, resigned as head of the International Monetary Fund after being charged with attempting to rape a New York hotel maid.
Strauss-Kahn, 62, informed the executive board of the IMF of his intention to resign as managing director with immediate effect, the IMF said in an e-mailed statement.
Strauss-Kahn’s arrest reshaped the race for the French presidency, eliminating President Nicolas Sarkozy’s biggest rival. His resignation from the IMF, more than 17 months before his term was scheduled to end, may open the field to a candidate from an emerging-market country to run the fund, set up after World War II to promote global financial stability.....read on
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