IMF Chief Strauss-Kahn Resigns Amid Sex Charges
RENEE MONTAGNE, host:
NPR's business news starts with the IMF chief quitting.
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MONTAGNE: The head of the International Monetary Fund, Dominique Strauss-Kahn, has resigned. The move was expected after he was charged with sexual assault of a New York City hotel maid.
Strauss-Kahn says he's innocent, but decided to step down to protect the institution. French finance minister Christine Lagarde is a leading contender to succeed Strauss-Kahn, but today China and Brazil called for a process based on merit to indicate their opposition to Europe's longtime lock on the position.
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