Robert Zoellick has been welcomed as new World Bank President with his supporters hoping he can draw a line under the Wolfowitz crisis, reports The Times.
“Mr Zoellick is certainly the right man for the job,” Bernard Kouchner, the French Foreign Minister told The Times, while he described Wolfowitz’s two years in charge as a “dark chapter”. The Times says the reaction of European leaders to the new President is far more favourable than for Wolfowitz’s appointment in 2005 as his background was thought to be in poverty reduction rather than war. Zoellick is also thought to more realistic than Wolfowitz about the political cultures of the countries the World Bank seeks to help. The Guardian reports house prices are still rising by more th...
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