IMF head: Europe to make 'common choice' soon

Germany's finance minister says Europe will decide soon on a common candidate as its choice to lead the IMF.

"We need a common European candidate and we are looking for the one who is best qualified and has the best chance," said Wolfgang Schaeuble.

A division has opened between the developed and developing world over who should replace Dominique Strauss-Kahn, who has resigned.

For more: BBC News - IMF head: Europe to make 'common choice' soon