Treasurer quits Arroyo government

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AP , MANILA
Wednesday, Sep 15, 2004,Page 12





A woman gets all her savings back from a teller of the First Savings Bank in Manila, Philippines, while other depositors wait their turn yesterday. Operations of the the bank have been shut down since last week due to massive withdrawals, panicking more than 10,000 depositors trying to recover their savings. The shutdown occurred amid reports that the Philippines might face a fiscal crisis due to rising foreign debt.
PHOTO: EPA
http://www.taipeitimes.com/News/worldbiz/photo/2004/09/15/2003148034

Philippine President Gloria Maca-pagal Arroyo accepted the national treasurer's resignation yesterday, but officials offered assurances that the move won't affect government efforts to bail the Philippines out of its financial doldrums.

Mina Figueroa, a key member of Arroyo's economic team, disclosed late Monday that she'd tendered her resignation, sparking fears that it could further unsettle a government already jittery over mounting financial problems.

Figueroa told ABS-CBN television that she wants to return to the private sector and denied reports she was quitting, effective Oct. 15, because of differences with other finance officials over the government's borrowing.

http://www.taipeitimes.com/News/worldbiz/archives/2004/09/15/2003203017

Nothing has change in the PI since the time of America's Whore Marcos was molesting children and stealing the peoples' money.