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                    [ArticleID] => 266296
                    [Title] => The bill-collecting wolf is knocking at the door
                    [Summary] => AT THEIR MERCY: Kawawa naman ang Filipinas. We look pathetic with foreigners mocking us and telling us what to do – or else. And it would seem we have no choice.


Foreign credit raters are having a field day declaring us a big risk and consigning us to a lower credit rating. We watch helplessly as our creditors raise their interest rates and shoo foreign investors away.


They then throw us an ultimatum: Bleed the natives for more taxes to raise money for the foreign banks demanding payment.


                    [DatePublished] => 2004-10-17 00:00:00
                    [ColumnID] => 136322
                    [Focus] => 0
                    [AuthorID] => 1804858
                    [AuthorName] => Federico D. Pascual Jr.
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
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ED PORTUGAL

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                    [ArticleID] => 266296
                    [Title] => The bill-collecting wolf is knocking at the door
                    [Summary] => AT THEIR MERCY: Kawawa naman ang Filipinas. We look pathetic with foreigners mocking us and telling us what to do – or else. And it would seem we have no choice.


Foreign credit raters are having a field day declaring us a big risk and consigning us to a lower credit rating. We watch helplessly as our creditors raise their interest rates and shoo foreign investors away.


They then throw us an ultimatum: Bleed the natives for more taxes to raise money for the foreign banks demanding payment.


                    [DatePublished] => 2004-10-17 00:00:00
                    [ColumnID] => 136322
                    [Focus] => 0
                    [AuthorID] => 1804858
                    [AuthorName] => Federico D. Pascual Jr.
                    [SectionName] => Opinion
                    [SectionUrl] => opinion
                    [URL] => 
                )

        )

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The bill-collecting wolf is knocking at the door

By POSTSCRIPT | By Federico D. Pascual Jr. | October 17, 2004 - 12:00am

AT THEIR MERCY: Kawawa naman ang Filipinas. We look pathetic with foreigners mocking us and telling us what to do – or else. And it would seem we have no choice. Foreign credit raters are having a field day...

Opinion