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And maker there will be acting managing director of the ion -- John Lipsky.
Made its first public appearance in his new role today he took questions about the ion mass succession plans -- Peter -- actually heard this speech.
Peter -- are 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 Dominique 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-Kahn and he said that the IMF will be able.
To move forward on an erupted juggling all of these multi billion dollar bailouts with -- Ireland Greece and Portugal.
Take a listen.
I don't have the slightest doubt.
That we can fulfill.
All our responsibilities.
And all our challenges.
In a completely.
Adequate but just -- in a superior way.
Now in a statement that mr.
Strauss-Kahn released just after midnight this morning he said he would he that he was resigning from the I am after.
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 Lipsky is going to resign from the IMF had already put in his resignation for later on this summer so what are the names some of the names that are floating around to possibly -- 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.
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 Lagarde is one name -- Gordon Brown the former prime minister of Great Britain is another -- All right thanks Peter Barnes and doesn't contacts out there Charles is always important to give context for our viewers out there the reason --
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