Back

Spouses Constantino, Jr. vs. Cuisia

SPOUSES RENATO CONSTANTINO JR. and LOURDES CONSTANTINO and Their Minor Children RENATO, REDENTOR, ANNA MARIKA LISSA, NINA ELISA, and ANNA KARMINA; FREEDOM FROM DEBT COALITION; and FILOMENO STA. ANA III vs. The Hon. JOSE B. CUISIA, in His Capacity as Governor of the Central Bank; The Hon. RAMON DEL ROSARIO, in His Capacity as Secretary of Finance; The Hon. EMMANUEL V. PELAEZ, in His Capacity as Philippine Debt Negotiating Panel Chairman; and the NATIONAL TREASURER.

G.R. No. 106064 | 2005-10-13

EN BANC
D E C I S I O N 
 
Tinga, J.: 
 
The quagmire that is the foreign debt problem has especially confounded developing nations around the world for decades. It has defied easy solutions acceptable both to debtor countries and their creditors. It has also emerged as cause celebre for various political movements and grassroots activists and the wellspring of much scholarly thought and debate. 
 
The present petition illustrates some of the ideological and functional differences between experts on how to achieve debt relief. However, this being a court of law, not an academic forum or a convention on development...