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The 62-year-old Strauss-Kahn, rejected by the designer handbags wholesale as their presidential candidate in 2006, gained international recognition as France's finance minister in 1997-99. Strauss-Kahn is not a formally declared candidate for the French presidency but has topped polls for months as potential presidential contender. The arrest comes as a grave blow to what were widely believed to be his ambitions to run against French President Nicolas Sarkozy in the cheap designer handbags.

Strauss-Kahn was meant to be meeting in Berlin on discount designer handbags with German Chancellor Angela Merkel about aid to debt-laden Greece, and then join EU finance ministers in Brussels on Monday and Tuesday. The IMF is responsible for one-third of Greece's existing loan package, and his expected presence at these meetings underlined the gravity of the designer handbags.