Uncertain Future For President Chen

June 2006 | Ratings Update

Taiwan's Legislative Yuan has begun an extraordinary session to consider a recall motion that could result in the removal of President Chen Shui-bian from office. Although the political crisis surrounding the president will benefit the main opposition KMT, it lacks the legislative strength to oust Chen, and he will continue to resist pressure to resign. In the short term, the political uncertainty will ensure that the stock market, as well as the Taiwan dollar, remain volatile. Beyond this, the post-Chen era is approaching, and with it, the prospects of better relations with

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