You're watching...
FBN's Peter Barnes on what the IMF will look like without Dominique Strauss-Kahn, and Acting Director John Lipsky's statement on IMF's succession plan...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
And maker there will be acting managing director of the -- -- -- John Lipsky.
Made its first public appearance in his new role today and he took questions about the ion mass succession plans -- Peter -- actually heard this speech.
Peter -- some of the highlights.
Well -- they mr.
Lipsky making this appearance for the first time since the scandal broke wide open this past weekend and he has been the man behind the scenes here.
Juggling all of this leading up to the resignation of Dominic Strauss-Kahn.
Last night very early this morning.
And he told reporters today that the executive board of the IMF is gonna get right to work today on the succession plan on the process for.
Finding a successor to mr.
Strauss mr.
Strauss-Kahn and he said that the IMF will be able.
To move forward on an erupted juggling all of these multi billion dollar bailouts -- Ireland Greece and Portugal.
Take a listen.
I don't have the slightest doubt.
That we can fulfill.
All our responsibilities.
And in all our challenges.
In -- completely.
Adequate but just -- in a superior way.
Now in a statement that mr.
Straus -- released just after midnight this morning he said he -- he that he was resigning from the IMF have.
With infinite sadness.
He said quote to all I want to say that I deny.
With the greatest possible firmness all of the allegations that have been made against me I want to protect this institution.
Which I have served.
With honor and devotion I want to devote all of my strength all of my time and all of my energy to proving my innocence -- -- Our -- heater and we also know that John -- is going to resign from the IMF had already put in his resignation for later on this summer so what are -- -- some of the names that are floating around to possibly sixteen to Strauss Condon and of course Lipsky.
Well there's already a lot of jockeying going on in the global law in in the global.
Area between the developing countries and and they developed countries in this post -- traditionally have been held by a European.
And then number two position as an American mr.
Lipsky.
But a lot of developing countries like China and Brazil are pushing to have someone from one of those countries as the head of the IMF but the you're the Europeans are fighting.
To keep this slot and we already have a couple of names that have surfaced other.
For finance minister of France Christine what guard is one name Gordon Brown the former prime minister of Great Britain is another Shibani.
All right thanks Peter Barnes and just some context out there -- is always important to give context for our viewers out -- the reason --
