Tags: EU | Europe | Financial | Crisis

IMF Head's Arrest Casts Shadow on Bailout Meeting

Sunday, 15 May 2011 12:38 PM

 

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BERLIN (AP) — The arrest of IMF chief Dominique Strauss-Kahn means a key participant will be missing at a European meeting considering whether to give Greece billions more in financial help.

Strauss-Kahn was to hold talks Sunday with German Chancellor Angela Merkel and join European finance ministers on Monday in Brussels. That won't be happening since he was arrested in New York City this weekend on suspicion of sexual assault on a hotel maid.

Ministers from the 17 countries that use the common euro currency are talking about whether they have to give Greece more help in paying its debts. Greece already received a euro110 billion ($157 billion) bailout package from the European Union and the IMF last year.

The International Monetary Fund says it "remains fully functional" despite the arrest.

(This version corrects headline, text to refer to meeting instead of summit, text of IMF statement.)

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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