Word: benard
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Dates: during 2000-2009
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...creditors for new terms. In a worst-case scenario, the consequences could be severe: a weakened currency, stalled investment and higher unemployment. How much time the Philippines has before this happens is hard to determine, but Arroyo's new government clearly needs to act fast, says Agost Benard, an associate director at Standard & Poor's: "There is no room for complacency. If they don't show they can enact reforms, that will be very bad for sentiment...