Europeans Offer Deal to Make Wolfowitz Quit

U.S. could choose the next World Bank president
By Peter Fearon,  Newser Staff
Posted May 8, 2007 7:00 AM CDT
World Bank President Paul Wolfowitz gestures as he addresses the media at the European Council headquarters in Brussels, Wednesday, May 2, 2007. Wolfowitz attended an EU-hosted Global education conference...   (Associated Press)
camera-icon View 2 more images

(Newser) – European partners in the World Bank have signaled to the White House that they want Paul Wolfowitz to resign, the New York Times reports, and they're willing to let the U.S. appoint his successor to make that happen. After an investigating committee found Wolfowitz guilty of ethical breaches, one European official called his credibility "beyond repair."

The Europeans had earlier suggested that the bank's next president should not be chosen by the U.S., but they're now wiling to trade the next appointment to avoid a broader public breach over control of the bank. They want Wolfowitz's American patrons to persuade him to resign rather than be censored or ousted.