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Bank "a disaster". Alan Meltzer, told the Süddeutsche Zeitung that "the Bank is a disaster, and Paul Wolfowitz is the right man to make a change there". Meltzer is not just any old US economics professor (at Carnegie Mellon University) but the author of a Congressional report into the future of the Bank which is widely believed to be the template for what the Bush administration wants from the Bank. Meltzer's comments appear to give the lie the comments by Wolfowitz this week that he would not seek a major re-orientation of the institution. Alex Wilks ~ March 20, 2005
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