TODAY the presidency of Gloria Macapagal-Arroyo stands on the edge of the abyss. Will she fall or can she pull back from the brink?
This crisis is not only the most serious in her four-year presidency, it challenges the viability of Philippine democracy as well.
UNTIL last month, the heavens seemed to have favored Gloria Macapagal-Arroyo. The economy was picking up, the stock market was trading briskly, and Congress had just passed a new tax measure. For sure, the budget deficit and rising oil prices were something to worry about. At the same time, the opposition seemed bent on raking the jueteng muck. But all these were part of life — and politics — as usual.
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