By Simon Kennedy and William McQuillen
April 14 (Bloomberg) -- ~snip~
Wolfowitz has ``damaged the bank,'' Hilary Benn, the U.K. development secretary, said today. His German counterpart, Heidemarie Wieczorek-Zeul, said he must ``decide for himself whether he can continue to fulfill his duties credibly.'' ~snip~
``It's not the World Bank's credibility but Mr. Wolfowitz's credibility that's on the line,'' Swiss Economics Minister Doris Leuthard told reporters. ``He's never been a popular person. We have to find a solution quickly.'' ~snip~
Benn, Wieczorek-Zeul and French Finance Minister Thierry Breton refrained from praising Wolfowitz, the former U.S. deputy defense secretary who was nominated by President George W. Bush in 2005. Breton, asked yesterday if he had confidence in Wolfowitz, said: ``I have confidence in the bank.'' ~snip~
http://www.bloomberg.com/apps/news?pid=20601087&sid=apxaD03pbRcw&refer=homeFormer legal adviser challenges Wolfowitz
Financial Times, 14.04.2007
By Eoin Callan and Krishna Guha in Washington
~snip~ Pressure on Mr Wolfowitz mounted when the bank’s former top legal officer confirmed to the FT that he told the board’s ethics committee there was no serious legal risk to the bank if it offered Ms Riza a severance package, rather than the attractive secondment deal that Mr Wolfowitz eventually dictated, challenging one justification Mr Wolfowitz gave a day earlier for his actions. ~snip~
John Edwards, the Democratic presidential candidate and former senator, said: “America’s ability to lead in the fight against global poverty is undermined by Paul Wolfowitz at the helm of the World Bank. He should resign.”
Ken Rogoff, a former chief economist at the International Monetary Fund, told the FT: “President Wolfowitz’s credibility is so badly compromised that the board is . . . going to have to force him to resign.” ~snip~
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