Dutch PM Mark Rutte set to be next NATO secretary-general after rival withdraws from race

Romanian President Klaus Iohannis on Thursday rescinded his bid for the leadership of the NATO military alliance and threw his support behind the favorite contender for the post, Dutch Prime Minister Mark Rutte.

Iohannis communicated his decision during a meeting of the Supreme Council of National Defense, saying he had informed NATO allies of his withdrawal at the end of last week, according to a statement from the Romanian Presidency translated by CNBC.

The move effectively clears the path for outgoing Dutch PM Rutte to assume the top position of the 32-member...