Word: alfonsin
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...emergence of leftist insurrection shocked Argentines and revived fears that haunt the nation. As military analyst Andres Fontana put it, "People don't want a return to terrorism, and they don't want to give any space back to the military." A visibly shaken President Raul Alfonsin sought to quell any speculation that Argentina might be returning to the bloody ideological battles of the 1970s. "This is our opportunity to demonstrate to the world that we have learned from our past," he counseled...
...owes $120 billion, seems to be on the upswing: in December the country resumed paying all its interest -- more than ten months after it stunned the financial community by stopping payments on its loans from private banks. But in Argentina, which is some $55 billion in debt, President Raul Alfonsin has imposed a wage-price freeze to curb inflation, which was running at an annual rate of more than 300% in July. Earlier this month, the U.S. announced that it would give Argentina an emergency $500 million loan to help it meet interest payments that have come...
When a band of Argentine officers revolted last Easter, President Raul Alfonsin rushed to the Campo de Mayo army garrison near Buenos Aires and talked the mutineers into surrendering. Faced last week with another rebellion of disgruntled soldiers in the northeastern city of Monte Caseros, Alfonsin chose not to waste any more words. Instead he sent 2,000 loyalist troops to crush the rebels at a local army base, ending a three-day uprising that had spread to several other units...
...Aldo Rico, 44, a cashiered lieutenant colonel who was embittered by the prosecution of officers for human rights atrocities committed during the 1976-83 period of military rule. He had fled authorities two weeks ago while awaiting court- martial for his part in the earlier rebellion. Declared a jubilant Alfonsin, after receiving the support of the army's high command: "Democracy in this country has been consolidated." But discontent in the armed forces simmers...
...speech, Alfonsin skirted many problems. He outlined no fresh measures to reduce government expenditures or privatize any of the state's 520 deficit- ridden companies. Although Argentina has been conciliatory to creditors, foreign bankers have been especially leery of debtor nations ever since February, when Brazil stopped paying interest on a large part of its $110 billion debt. That helped lead several U.S. banks to declare record losses. Since a similar default by Argentina would add to the bankers' mounting woes, they are as eager for Alfonsin's new program to work as the President...