Friday, May 11, 2007

That's what happens when you pick the head of the bank alphabetically

European leaders have told the Bush administration that Paul Wolfowitz must resign as President of the World Bank in order to avoid a vote next week by the bank’s board declaring that he no longer has its confidence to function as the bank’s leader.
European officials said yesterday that the board was drafting a resolution reflecting its view that the relationship between Mr. Wolfowitz and the governing body of the bank had “broken beyond repair.” They noted that, if he remained in office, some European countries were planning to reduce contributions to the World Bank that would aid poor countries and instead would channel the money to European agencies and other groups for distribution.
Check out whole story in today's NYTimes piece.

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