Strauss-Kahn Resignation Ignites Battle Over IMF Leadership05:01
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Dominique Strauss-Kahn resigned today from his post as head of the International Monetary Fund (IMF). (AP)
Dominique Strauss-Kahn resigned today from his post as head of the International Monetary Fund (IMF). (AP)

Dominique Strauss-Kahn resigned his post as head of the International Monetary Fund this morning from a jail cell on Rikers Island where he is being held on charges of sexual assault.

The resignation has kicked the battle for his job into high gear, with emerging economies arguing that it's their time now to lead the international institution. But Europe wants to hang onto IMF control, and support there is building for French finance minister Christine Lagarde as IMF head. We speak with Zanny Minton Beddoes of the Economist magazine.

This segment aired on May 19, 2011.

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