MF chief faces pressure to resign as scandal ripples across Europe

New York (CNN) -- The head of the International Monetary Fund, jailed on charges of sexual assault of a chambermaid in his New York City hotel suite, should consider stepping down for the good of the institution, Austria's finance minister said Tuesday.
"Given the circumstances that his bail was not granted, he should think about whether he is damaging the institution," Maria Fekter told reporters in Brussels, Belgium, during a meeting of European finance ministers.
Dominique Strauss-Kahn, 62, was denied bail by a Manhattan Criminal Court judge and remanded Monday to an 11-by-13-foot cell at New York's Rikers Island jail complex. There, the man whom many refer to as DSK was placed on suicide watch -- a common procedure in high-profile cases, two sources with direct knowledge of the case told CNN.

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