The Democratic Progressive Party (DPP) last night said it would demand that President Chen Shui-bian (陳水扁) clarify allegations leveled by prosecutors before it decides on referring him to the party's anti-corruption commission.
"The prosecutor did not say the president pocketed the state fund. The suspicious points in the indictment resulted from the president's need to protect details of the country's confidential diplomacy. We hope he will explain himself to the public," DPP Chairman Yu Shyi-kun said at a press conference last night following a four-hour Central Executive Committee meeting.
The committee also decided to refer first lady Wu Shu-jen (
Yu also offered an apology to the public and said the party felt the "deepest regret" over the turmoil the matter had brought to the country.
Shortly after the DPP's press conference, the Presidential Office issued a statement saying that the president, after reading over the indictment report, will make a public statement within two days.
The DPP is facing the greatest crisis since the party's founding 20 years ago.
It could be expected that reform-minded Young Turks in the DPP will urge the party to do some soul-searching and push for "clean government" reforms, while other elected DPP public officials concerned about their political future may attempt to distance themselves from the president and his indicted aides.
The DPP's practice of holding its public officeholders to high standards by stripping them of party membership once indicted will also be tested. If the DPP applies a double standard for the president, the party may risk losing voter support and prematurely seal its fate in next year's legislative election and the 2008 presidential election.
The DPP's presidential hopefuls in the 2008 election -- including Premier Su Tseng-chang (
A more immediate headache for the DPP could be a voter revolt in the Dec. 9 mayoral elections in Taipei and Kaohsiung.
Meanwhile, former president Lee Teng-hui (
Eric Chen had questioned Lee as a witness in the middle of September in connection with the investigation into President Chen's alleged misuse of the "state affairs fund."
Considering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The bank in a report sent to the legislature ahead of today’s meeting said it had commissioned a survey on the public’s preferences. Survey results showed that NT$100 and NT$1,000 banknotes are the most commonly used, while NT$200 and NT$2,000
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