Regardless of guilt or innocence, there was no other choice. The financial crisis in Europe is too serious for the IMF to be without leadership.
His arrest after he was pulled from a plane in New York on Saturday dashes Strauss-Kahn's prospects of running for the French presidency in 2012 and has sparked debate around the world over the Fund's future leadership.Friday will be his next opportunity to seek bail.
"I deny with the greatest possible firmness all of the allegations that have been made against me," Strauss-Kahn said in his letter of resignation, released by the IMF and dated May 18.
"I want to devote all my strength, all my time, and all my energy to proving my innocence."
