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http://www.thejakartaglobe.com/home/boediono-says-he-will-not-abandon-sby/362123

March 05, 2010 
Camelia Pasandaran

Boediono Says He Will Not Abandon SBY

Vowing to stick by his boss, Vice President Boediono on Friday dismissed calls 
to step down over the Bank Century bailout, saying those trying to push him 
from office would be disappointed.

In his first public comments on the issue since the probe of the bailout began, 
Boediono compared rescuing the bank from collapse at the height of the global 
financial crisis to saving a "burning house in the middle of a fire-prone 
village."

"I hear some groups are asking me to step down," he said in a rare televised 
speech from his office. "If I met that demand, I would be recorded in history 
as the leader who ran from his responsibilities, as the leader who spurned the 
mandate of the people who had voted [for him]."

He said he would stay because he would "never betray the president's trust and 
desert him."

During his speech, Boediono aimed at his critics at the House of 
Representatives, which had launched the investigation of the Rp 6.7 trillion 
($723 million) bailout. Lawmakers from several political parties, including the 
Golkar Party, a member of the ruling coalition, alleged that Boediono and 
Finance Minister Sri Mulyani Indrawati were responsible for what they said was 
an illegal bailout. 

Some publicly demanded the two resign from their posts.

In the end, the House concluded that there were "indications" of crimes and 
irregularities, but did not specifically name anyone as responsible. Boediono, 
however, was listed in an addendum to Wednesday's final report, which is not 
legally binding.

In a typically calm and measured tone, Boediono said the only way he would end 
his term in office prematurely would be if the People's Consultative Assembly 
(MPR) impeached him.

"If the majority of the people's representatives in the People's Consultative 
Assembly demand it, and if the requirements under the Constitution and other 
regulations are met, whatever the MPR's final decision, I will obey," he said.

Since the probe ended on Wednesday, no parties have moved to initiate a formal 
impeachment motion against the vice president. Several parties who were 
particularly critical of the bailout, including Golkar and the United 
Development Party (PPP), have said they have no plans to do so.

Political commentators said they doubted such a move would succeed in any case, 
unless the ruling Democratic Party backed it, which would be highly unlikely.

"The current factions that support impeachment are not sufficient to propose a 
no-confidence vote," said Ari Dwipayana, a political analyst at Yogyakarta's 
Gadjah Mada University.

Burhanuddin Muhtadi, an analyst from the Indonesian Survey Institute (LSI), 
said: "It is not going to happen without the Democratic Party. If the 
Democratic Party boycotts [the plenary session], the game is over for 
Boediono's impeachment."

In just his third public statement on Bank Century since Dec. 12, just prior to 
the beginning of the House inquiry, Boediono, who was central bank governor at 
the time of the bailout, reiterated that the action was necessary to protect 
the banking system during the global financial crisis.

"As governor of Bank Indonesia at that time, I realized that the institution 
had various weaknesses," he said. "But the weaknesses were not enough to hamper 
what needed to be done quickly. Difficult actions have to be taken for a 
greater good."

Addressing the political context of the case, Boediono said political parties 
should avoid the "short-term passion for power," which could bring about the 
demise of democracy.




Related articles
Boediono Stands Firm Over Century Bailout
11:09 AM 22/12/2009

Sri Mulyani, Boediono To Face Indonesia's Audit Agency Over Bank Century
10:04 PM 15/09/2009

Bank Century: Will Indonesia's Top Officials Survive the Fallout?
9:55 PM 06/09/2009

Bailout Was the Best Decision to Save Indonesia's Economy: Boediono
2:45 PM 05/03/2010

SBY: I'm Responsible for Century Bailout
12:45 AM 02/03/2010








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