The World Bank when Wolfowitz took it over was totally corrupted. He has done a pretty good job of straightening it out. The Euros don't like that, because they like the idea of using it to push family planning and similar agendas instead of actually trying to help people.
There would seem to be three possible ways of dealing with this:
1. Abolish the World Bank and pull our money out.
2. Keep Wolfowitz in charge and tell the Euros to get back in their cages.
3. Throw Wolfowitz over the side and let the Euros take over, although that violates the historical agreements.
Now, maybe #1 is the best option, but it's not politically feasible with a Democrat controlled congress. Option #3 is unacceptable. That leaves option #2 as the best outcome at this time.
Yes. That's a preferable alternative to fighting to be "top dog" in this worthless organization.