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  • Palace insists: Teves to stay at Finance
     
    By Mia M. Gonzalez
    Reporter

    MALACAÑANG Wednesday snuffed out rumors that Finance Secretary Margarito Teves will be replaced by former senator Ralph Recto, and reiterated the Arroyo Cabinet “remains unified, solid and intact.”

    Executive Secretary Eduardo Ermita said in his weekly news briefing that he quickly informed Teves there is no truth to the rumor, which circulated just hours after the so-called “solidarity walk” of President Arroyo and Cabinet and security officials at the Malacañang grounds  Tuesday.

    “In order to prevent any misunderstanding, immediately the President gave out instructions to make a statement that such a news is not true.  There is no Cabinet shakeup and Secretary Teves remains the secretary of finance. . . . The Cabinet of President Arroyo remains unified, is solid and intact,” said Ermita.

    Earlier, Recto himself had texted Senate reporters to disavow any ambition to take the finance portfolio. He said Teves was doing a “great job.”

    Ermita added any change in the Cabinet at this time would go “against the grain of what we’ve been telling people, that the Cabinet is intact.”

    Ermita said he even called Teves as soon as he learned about the rumor Tuesday afternoon, just to tell him that it’s false. Ermita said the President is “very much satisfied” with Teves and the rest of the economic team, especially given the strong performance of the economy.

    He said Malacañang remained confident that Teves, bypassed by the Commission on Appointments several times, would eventually get the nod of the CA.

    “That it failed in the first hearing, it failed in the second hearing, this is not the first time that this thing has happened. Many other Cabinet members before went through the difficult route of being gone over twice, three times, four times. But the process in the case of those who have not been confirmed is not yet finished,” said Ermita.

    He reported that the latest Cabinet official to pass CA scrutiny is Agrarian Reform Secretary Nasser Pangandaman.

    When asked, Ermita said, “There’s an effort of trying to destabilize President Arroyo for her to lose resolve....It is highly probable that they would like to start with the members of the economic team so that should one of them succumb to the calls of those calling for the resignation of our President, then they think they might succeed and it could very well start the signal.”

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