Potential candidates to succeed Strauss-Kahn as head of the IMF

A list of potential candidates to succeed DSK at the Washington-based institution if he does step down or is dismissed has surfaces although the post has traditionally gone to a European. Furthermore German Chancellor Angela Merkel said on Monday that she preferred another European at the helm of the IMF, which has become heavily involved in bailouts of struggling euro zone countries Greece, Ireland and Portugal.

The list includes Kemal Dervis from Turkey, the leading candidate for the IMF post if it goes to a non-European, Dervis is credited with bringing Turkey back from the brink after a disastrous 2001 financial crisis, by pushing through tough reforms and helping secure a multibillion dollar IMF bailout.

Turkey's status as a large emerging market within the European continent could ease widespread concerns by developing nations who feel shut out of the IMF selection process because of Europe's claim to the top job.

For more: Potential candidates to succeed Strauss-Kahn as head of the IMF — MercoPress