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March 16, 2005
Wolfowitz as World Bank President...
Paul Wolfowitz is nominated to the presidency of the World Bank. Since the World Bank is neither democratic nor transparent, whoever is nominated by the U.S. always gets the job. So while it may be a done deal, I suggest that we hold him to his statements on odious debt -- a concept he suddenly figured out when it came to Iraq:
Deputy Secretary of Defense Paul Wolfowitz was even more pointed on that issue, telling a Senate hearing: "I hope they [Paris, Moscow and Berlin] will think about how they can contribute to helping the Iraq people get on their feet. . . . I hope, for example, they'll think about the very large debts that come from money that was lent to the dictator to buy weapons and to build palaces. . . . I think they ought to consider whether it might not be appropriate to forgive some or all of that debt."
Posted by zeynep at March 16, 2005 03:08 PM
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...why would he have ignored the implementation of economic policies that would have been a gut to the Iraqi economy and a boon for U.S. businesses? [Read More]
Tracked on March 16, 2005 08:29 PM