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Wednesday, May 18, 2011

US Treasury chief calls on IMF to replace DSK

The media frenzy continues to swirl around Dominique Strauss-Kahn. The pressure has mounted to such an extent that the Secretary of the US Treasury now says the IMF should appoint an interim chief to replace the 62-year-old Frenchman.

"He is obviously no longer in a position to run the IMF and I think it is important that the board of the IMF formally put in place for an interim period somebody to act as Managing Director." Timothy Geithner told New York's Harvard Club on Tuesday.

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