Tuesday, 28 February 2012

SINGAPORE: The head of the World Bank said on Saturday it is right for the United States to take a leading role in some global institutions and that the right U.S. candidate for post of the bank's next president would be good for the United States and the bank.

In an interview in Singapore, Robert Zoellick also said he did not believe Spain, Italy or Portugal needed bailouts to ease massive debt burdens but that reforms needed critical support of Germany and other European leading nations.

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