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September 2005

Dirty politics, despairing country

Deep in political crisis, president Gloria Macapagal Arroyo is ill prepared to address the Philippines' critical financial problems. She seems to be running out of time. And so does her country.


Manana money                                 
Banks on a roll

From his office high above the streets in a new building in Makati, Manila's business district, former president Fidel V Ramos looks out across the city and gestures expansively at the rust-roofed shanties that cling to every corner of the city. "I'm concerned for those people there," he says.

By most calculations, a third of all Filipinos are constantly battling with poverty. And most of them are not winning. The Philippines is Asia's seventh-most populous nation, and with...


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