The European Union chooses Dominique Strauss-Kahn as its nominee to head the International Monetary Fund, making him the frontrunner to fill the position in October.
- AP via the NYT
- New York City police question International Monetary Fund head Dominique Strauss-Kahn, arrested yesterday, over allegations that he sexually attacked a hotel maid near Times Square. Strauss-Kahn's schedule is threatened with interruption, with a meeting over the bailouts of Portugal and Greece with European Union finance ministers due in Brussels tomorrow.
- Greece demands an explanation from the International Monetary Fund (IMF) after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to offer more debt relief. Whistleblowing site WikiLeaks published what it said was the transcript of a March 19 conference call of three senior IMF officials discussing tactics to apply pressure on Greece, Germany and the EU to reach a deal in April.
- Greek voters solidly reject (61.3 percent) the latest austerity proposal of the European Union, the International Monetary Fund and the European Central Bank.
- The Greek bailout program by the European Union ends today with Greece failing to make a payment to the International Monetary Fund.
- Former International Monetary Fund head Dominique Strauss-Kahn is acquitted of pimping charges in France.