A momentum to break open debtors' prisons that the Washington Consensus built in the global south has been building up, demonstrated by Argentina's ability to compel 75% of its creditors to accept 35 cents on the dollar. The nomination of Paul Wolfowitz for WB presidency can only invigorate the global justice movement, which will have an inviting target at the IMF and the WB's 2005 Spring Meetings on April 16-17 and their 2005 Annual Meetings on September 26-27 -- both in Washington D.C. At the same time, the Wolfowitz nomination, like John Snow's performance, underscores the empire's lack of global economic policy.
FULL TEXT:
http://montages.blogspot.com/2005/03/wolfowitz-at-world-bank-empire-without.html.