IMF urged to retain European head

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    19 May 2011 Last updated at 07:26 ET

    Leading voices in Europe say another European should head the International Monetary Fund (IMF) following the resignation of Dominique Strauss-Kahn.

    Germany’s Angela Merkel and European Commission President Jose Manuel Barroso’s comments come amid debate over whether the next IMF chief should come from the developing world.

    Ms Merkel said a European was needed in light of the eurozone’s problems.

    Mr Strauss-Kahn is in jail in the US accused of trying to rape a hotel maid.

    He denies the charges and will make a second application for bail later on Thursday.

    Mr Strauss-Kahn had been coming under mounting international pressure to leave his post amid the furore over his arrest.

    In a statement posted on the IMF website late on Wednesday, he said he resigned with “infinite sadness”, but wanted to “devote all my strength, all my time, and all my energy to proving my innocence”.

    The IMF said it would release information “in the near future” about appointing a successor.

    The organisation’s deputy, John Lipsky, has been in interim control of the IMF since Mr Strauss-Kahn’s arrest on Saturday.

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    IMF urged to retain European head