Financial aid is being extended all over the world. For Asia, there is no word yet and one false declaration can ignite expectant people even if they are not factual. As far as President Gloria Macapagal-Arroyo is concerned, her initial announcement of the World Bank or the IMF providing $10 billion dollars in Asia was a big blunder.

It is obvious that her statement raised expectations and many people heave a sigh of relief. But apparently the message was half-baked. There is no financial aid coming and now the consistency of the Philippine government has been severely questioned.

Of course, the scapegoat will be the succeeding meeting to which was never really announced. In fact, I don’t recall hearing it in the news. Such a sensitive issue is bound to be announced. So where did the second meeting take place?

It may be a matter of misconception and President Arroyo is only human. But considering her place in the government, a leader at that, she knows that a single mistake is entirely costly to her credibility.

Finally, expect the government sharks to have a field day hitting the Philippine president. It is an opportunity that they can use to further bolster political issues such as impeachment or even cause a large dent on how the country is really being run.

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