Dominique Strauss-Kahn

The New York Post reported Tuesday that prosecutors in the United States will drop the charges against ex-IMF chief Dominique Strauss-Kahn when he again appears in the court in two weeks, or earlier, because the credibility of the alleged victim is highly doubted.

The New York Post cited an unnamed top investigator in the case who assured the eventual dismissal of charges "a certainty."

"We all know this case is not sustainable," The New York Post quoted its source as saying.

The case against former IMF head Dominique Strauss-Kahn is reportedly to fall apart as the evidences previously considered as firm and irrevocable are in fact dubious and worthless. This may open a way for Strauss-Kahn to participate in the presidential elections in France.

On May 14 Strauss-Kahn was arrested and charged with assaulting a hotel maid in New York. Now prosecutors had some doubts about the credibility of the maid as the whole case was built absolutely on her allegations.

According to the head of the International Monetary Fund Dominique Strauss-Kahn developed countries may slow down again if they exit stimulus support too early. Strauss-Kahn underlined that recovery in private demand and employment are necessary conditions for governments to begin exiting policies designed to support their economies.

"Recovery in advanced economies has been sluggish," he said.

"We have to be cautious because the recovery has been fragile."

As IMF’s chief Dominique Strauss-Kahn stated in an interview with French newspaper Le Figaro, he has a firm belief that half of the losses suffered by banks could still be hidden in their balance sheets. And the proportion is greater in Europe than in the United States. 

"There are still some important losses that have not been unveiled," he said. 

 Dominique Strauss-Kahn, the head of the International Monetary Fund, stated on Monday that among other things Beijing needs to strengthen Chinese yuan as a part of the reforms meant to increase domestic consumption and help ease global imbalances. He noted that nations at the heart of global imbalances have to take various steps to decrease them.

In his remarks prepared for a financial conference in Beijing Strauss-Kahn stressed that China should focus on domestic demand, especially private consumption.