…State-owned banks still dominate China’s financial sector, and Beijing-driven industrial policies have increased, not decreased, in recent years.
…Greek leadership threatens to leave the euro zone, then the rest of Europe must have developed a mechanism to cushion that,” he said.
World Bank President Robert Zoellick has been quoted as saying that the core question will be not Greece, but Spain and Italy.
A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.
The president of the World Bank has traditionally been an American under an informal agreement dating to the founding of the bank 68 years ago – campaigners want this changed The old alliance of Europe and America faces a huge row with the rest of the world over the identity of the next head of the World Bank, after president Robert Zoellick said on Wednesday he is to leave his post in June. While his departure had been widely expected, the news kicks off the process of finding a new leader, who has traditionally been an American under an informal agreement dating to the founding of the bank 68 years ago