UPDATE - IMF head welcomes euro-zone moves on credit crisis (at Reuters)

WASHINGTON, Oct 12 (Reuters) - International Monetary Fund Managing Director Dominique Strauss-Kahn on Sunday welcomed euro-zone steps aimed at stabilizing chaotic financial markets and praised actions taken so far by the United States. "I welcome the meeting of the heads of state of the euro zone and the result," he said at a news briefing. "Not only is this action coordinated, but it's also proposing some details," he added. Strauss-Kahn declined to... [read full story]