Germany sees IMF keeping full role in euro crisis
BERLIN | Mon May 16, 2011 6:59am EDT
BERLIN (Reuters) - The International Monetary Fund can still play a full role in resolving the euro zone crisis, even with its managing director facing sexual assault charges in New York, a German government spokesman said on Monday.
Chancellor Angela Merkel's spokesman, Steffen Seibert, also said that while it was not the right time to discuss who should succeed Dominique Strauss-Kahn at the International Monetary Fund, Europe did not have an automatic right to the job but there was a good case for looking for a European candidate.
"The IMF will be able to play its role in solving the world's financial problems and specifically the problems of the euro zone, where it plays a really important role, without any limits," Seibert told a regular news conference in Berlin.
Euro zone finance ministers were set on Monday to back an European Union/IMF bailout for Portugal, in talks overshadowed by the charges against Strauss-Kahn.
Full article: http://www.reuters.com/article/2011/05/16/us-strausskahn-imf-germany-idUSTRE74F1TP20110516
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