week, saying he s not going to renew his term at the end of august. and there s discussion on an emerge gent candidate stepping up. we go from the concept of a g-8 structure to a g-20. but they were hoping to keep a european at the international monetary fund. the toll, already $400 billion. john, thanks so much for the update. we ll go back to john later in the show, to be talking about what this means for the bailout recipients. it s the unwritten laws that the head of the imf tends to be european or someone from the usa. this could change. dominick strauss-khan s arrest isn t gist calling into question
go wrong. yes, we ve got to be more careful when you choose your potential successors or leaders of the great organizations, where they do hold a very high level of power. one has got to, i think, examine and re-examine every finite detail. if there s a blemish, i m afraid they can t be there. thank you very much for joining us. thank you. dominique strauss-khan s arrest comes ahead of a busy week in brussels. we also have an eco meeting there. and the brussels economic forum that kicks off on wednesday. john, let s start by talking about, of course, the situation for some of these euro zone countries. we have the gdp figures coming
expected to ask for three arrest warrants in libya. they are said to be for those against crimes against humanity. a source says leader moammar gadhafi will be among those named. those living around the mississippi river, will leave for higher ground, as homes and farmland as residents have been ordered to evacuate. and two additional floodgates have been opened on the morganza spillway. the space shuttle endeavour has been cleared for launch today. and weather reports indicate a 70% chance of favorable conditions. world business today starts right now. good morning, from cnn london. good afternoon, from cnn hong kong. you re watching world business today. these are the stop stories on monday, may 16th. dominique strauss-khan in cuffs. it s crunch time for u.s. lawmakers, as the country s ballooning debt reaches its legal limits. and bankrolling bin laden. we ll investigate the terrorist networks money trail. pulled off a plane and arrested. that s how t
complication here. what s it going to mean to the leadership race? his deputy is due to step down in august. that s likely to leave the top two positions vacant at this crucial time. yeah. a complication even before that. and that is what s going to happen in the next 24 to 48 hours. john lipske, will be holding a hearing to see what happens at the court hearings. and then, the deputy managie ii director will be in attendance at the two meetings. normally, at the top of the imf structure, you have a european leading. his term was supposed to end in november of next year. there was talk of him running for the french presidency. that s off the table. and the deputy resigned last