European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Former US State Dept Official Touted for World Bank Top Job - Report
World | May 29, 2007, Tuesday // 00:00
- Tweet
Send to Kindle
Former US deputy secretary of state Robert Zoellick is the frontrunner to take over from Paul Wolfowitz as president of the World Bank, the Financial Times reported on Tuesday.
The US traditionally appoints the lender's president and will do so again, despite calls for an open process after the scandal involving Wolfowitz.
Wolfowitz, a close ally of US President George W. Bush and one of the key architects of the Iraq war, will step down at the end of June halfway through his term, following outrage caused by his decision to arrange a better-paid job for his partner.
Zoellick, 53, who has also served as US trade representative under Bush, has played a leading role in efforts to revive the Doha trade round and has widespread experience of and high-level contacts with Europe, China, Latin America and Africa, the FT said.
He has also worked in different positions in the US treasury department in the 1980s.
Current US deputy treasury secretary Robert Kimmitt is another name reported as a possible successor to Wolfowitz.
The US traditionally appoints the lender's president and will do so again, despite calls for an open process after the scandal involving Wolfowitz.
Wolfowitz, a close ally of US President George W. Bush and one of the key architects of the Iraq war, will step down at the end of June halfway through his term, following outrage caused by his decision to arrange a better-paid job for his partner.
Zoellick, 53, who has also served as US trade representative under Bush, has played a leading role in efforts to revive the Doha trade round and has widespread experience of and high-level contacts with Europe, China, Latin America and Africa, the FT said.
He has also worked in different positions in the US treasury department in the 1980s.
Current US deputy treasury secretary Robert Kimmitt is another name reported as a possible successor to Wolfowitz.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Emmanuel Macron Issues Warning to Europe, Urges Strategic Reboot
French President Emmanuel Macron issued a stark warning to Europe, urging the continent to confront the challenges of a rapidly changing world
Russia Threatened to Attack Poland
In a recent statement, Russian Deputy Foreign Minister Sergei Ryabkov issued a stern warning to Poland, asserting that any permanent deployment of NATO nuclear weapons on Polish soil would render the country a military target for Russia.
Cloaked Aid: Ukraine's Covert Deployment of US Missiles Against Russia
Reports confirm that Ukraine has deployed long-range ballistic missiles provided by the United States in secret, targeting Russian forces in occupied territories
Zelensky's Resolve: Ukraine to Compensate for Delayed US Aid
President Volodymyr Zelensky of Ukraine has pledged to take all necessary measures to compensate for the six-month delay in receiving a new 61 billion dollars US aid package
Hope for Reunion: Repatriation Deal Reached for Ukrainian Children Deported to Russia
Russia has declared its intention to repatriate 48 deported Ukrainian children to their families, according to Maria Lvova-Belova, the Russian Commissioner for Children's Rights
