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Email this article: Obama taps Jim Yong Kim to head World Bank
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Posted: Fri March 23, 2012 5:11 pm
INTERNATIONAL. Thanks to a tacit agreement, the United States usually appoints an American to head the World Bank and Europe usually names a European to head the IMF.
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QATAR. In the end, monetary policy can be powerful in the short-term but is unlikely to change the long-term predicament of the Euro Area. The ECB may succeed in preventing prolonged deflation from taking hold, but this is a not a sufficient condition for sustainable growth.
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