The Wall Street Journal-20080124-Politics - Economics- In Brief
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Politics & Economics: In Brief
Korea Releases
U.S. Fund Chairman
South Korean prosecutors finished questioning John Grayken, chairman of Dallas-based Lone Star Funds, about the private-equity fund's 2003 purchase of a South Korean bank, and said he was free to leave the country. Mr. Grayken arrived Jan. 9 to testify in a trial in which the fund's biggest South Korean business, Korea Exchange Bank, was accused of stock-price manipulation. After his arrival he was barred from leaving the country.
Prodi Survives Vote
But Faces Pressure
Italian Prime Minister Romano Prodi survived a confidence vote in the lower house of parliament, but came under pressure from his allies to quit before a more important vote today in the Senate, where he lacks a clear majority that can ensure the survival of his government.
President Giorgio Napolitano advised the premier not to compromise his political future by submitting to a risky confidence vote in the Senate, according to people familiar with the situation.
