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Below are highlights of International Monetary Fund Managing Director Christine Lagarde's first news conference since being tapped to run the IMF.

Christine Lagarde, the IMF's new chief, pledged on Wednesday to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender.

Germany wants to put a Greek bond swap back on the table as a model for private sector involvement in fresh aid for Athens, Deputy Finance Minister Joerg Asmussen told Reuters Insider TV Wednesday.

New International Monetary Fund Managing Director Christine Lagarde pledged on Wednesday to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender.

Christine Lagarde, who took office as IMF managing director on Tuesday, has signed up for tougher ethical rules than her predecessor as the lender seeks to inoculate itself from further hits to its reputation in the aftermath of Dominique Strauss-Kahn's resignation under fire.

Anne Sinclair, wife of former IMF chief Dominique Strauss-Kahn is excited that the rape case against her husband is falling apart, and she is apparently seeking revenge.

The French novelist called Strauss-Kahn a rutting chimpanzee

Sexual assault charges against former IMF chief Dominique Strauss-Kahn will probably be dropped in days as his accuser continues to lose credibility. Strauss-Kahn resigned as managing director of the International Monetary Fund May after a hotel maid accused him of sexual assaulting her.

Germany's top court began hearing legal challenges on Tuesday against last year's bailouts of debt-stricken euro zone peers in a move that could affect Berlin's room for maneuver in future rescue packages.

The hotel maid who accused former IMF chief Dominique Strauss-Kahn of sexual assault sued the New York Post and five of its journalists for libel on Tuesday for reporting that she was a prostitute.

Attorneys for the maid who accused former IMF Chief Dominique Strauss-Kahn of rape sued the New York Post and four of its reporters for libel Tuesday.

Prosecutors will drop sexual assault charges against ex-IMF chief Dominique Strauss-Kahn at his next court appearance in two weeks, or earlier, because of doubts about the credibility of the alleged victim, the New York Post said Tuesday.

In a stunning reversal of fortunes, Dominique Strauss-Kahn will most likely walk free and vindicated as US prosecutors will drop sexual assault charges against him. Weeks after hurriedly taking the towering figure in French politics, the State's law enforcement will have to make a humiliating U-turn in the case. The logical question is, shouldn’t they have done it initially, and got their facts first before jumping into conclusions.

Just after four days of former International Monetary Fund (IMF) chief Dominique Strauss-Kahn's fortune turning brighter, the French economist and politician will again have to face some more or many more court proceedings.

Bailouts of Europe's debt-stricken countries face a legal challenge on Tuesday as Germany's top court begins hearing a lawsuit against German contributions to the rescues of Greece, Ireland and Portugal.

Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs.

Ireland's finance minister signaled on Monday that the government would make a larger budgetary adjustment of 4 billion euros ($5.8 billion) in 2012 despite being confident of meeting this year's fiscal goals under an EU-IMF bailout.

Prosecutors in New York are investigating a sexual assault case against former International Monetary Fund chief Dominique Strauss-Khan and have not yet decided to back off or continue to pursue seven counts of against him.

A lady writer in France, Tristane Banon, will file a lawsuit charging the former IMF chief with attempting to rape her, according to her lawyer, by way of Reuters.

According to some reports, at least 250 more people were arrested by plainclothes police in Minsk.

Scrutiny of the accuser in the sexual assault case against former IMF chief Dominique Strauss-Kahn intensified on Saturday after more revelations about her conduct following the purported May 14 attack.

The hotel maid, who accused former IMF chief Dominique Strauss-Kahn of attempted rape, was working as a prostitute, claims reports.

A spectacular twist in Dominique Strauss-Kahn's rape case has resulted in his release from house arrest as attention shifts to the victim's credibility.

The finance minister of Poland has criticized the European Union (EU) for the way it has handled the Greek financial crisis.

Prosecutors in New York now doubt the credibility of the hotel maid who alleged that Dominique Strauss-Kahn raped her, but the evidence surrounding the rape itself are still solid, her lawyer says.

The chambermaid who accused former IMF Director Dominique Strauss-Kahn of sexual assault admitted that she lied to a grand jury about the events surrounding the alleged attack, according to a letter sent from prosecutors to Strauss-Kahn's defense team.

Former IMF chief Dominique Strauss-Kahn spent his very first day outside, free from the house arrest on Saturday. This happened as the prosecutors gave him a benefit of doubt regarding the credibility of the maid who accused him of a sexual assault and attempt to rape.

Former IMF chief Dominique Strauss-Kahn was released from house arrest without bail on Friday as prosecutors investigated questions about the credibility of the woman he is charged with trying to rape.

Prosecutors will move to dismiss charges against former IMF-chief Dominique Strauss-Kahn when he returns to court on July 18, one source said Friday.