Proposal for EC-Statement on

the Philippines

The Twelve reviewed the latest developments in the Philippines

local following the municipal elections on January 18, 1988. They noted

with satisfaction that democratic institutions had now been

fully restored.

The Twelve further noted continued positive trends in the economy

which should contribute to stabilizing the development of the

country. They reiterated their support for President Aquino,

for constitutional democracy and for further economic recovery

in the Philippines.

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