Thursday, May 17, 2007

Wolfowitz refuses to quit Bank, wants name cleared after money scandal

[Reuters] World Bank President Paul Wolfowitz refused on Wednesday to bow to heavy European pressure to resign as he sought to clear his name in negotiations with the bank's board over a possible exit strategy.

"Mr. Wolfowitz will not resign under this cloud and he will rather put this matter to a full (board) vote than to capitulate on his integrity," his lawyer Robert Bennett told Reuters.

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