Word: annul
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...around the U.S., and Fiat electrical motors-also made in Argentina-will soon go to Egypt. Last week the Ente Nazionale Idrocarburi, Italy's state oil monopoly, was reportedly negotiating with high-level Argentine officials, hoping to pick up the U.S. oil contracts that Illia has threatened to annul...
Since his election last July, Illia has said next to nothing about how he intends to govern. He is considered pro-West and pro-free enterprise, though he campaigned on a nationalistic platform threatening to annul the controversial oil contracts signed by Frondizi's government with foreign companies between 1958 and 1960. Last week, a national investigation board ruled that the contracts, in effect, were illegal. Yet Illia has said privately that the whole oil issue has been blown out of proportion, and he is expected only to renegotiate the contracts on terms more favorable to Argentina...
...rich land of grain and beef has drifted from crisis to crisis and from military faction to military faction, amid needless inflation, trade deficits and an eroding peso. Just before last month's twice-delayed popular elections finally came up, there were strong fears that the military would annul the result to prevent followers of the exiled Dictator Juan Perón from returning to power through a popular front they had formed with Frondizi's party. Instead, the army simply disqualified most of the front's electors. Angered, Perón then tried to discredit...
Last week the subject was very much in the limelight as Y.P.F. signed a new contract with Oklahoma's Kerr McGee Oil to drill an additional 350 wells. Two days later, Argentina's electoral college chose a new President, Arturo Illia, who has vowed to annul all the oil contracts...
...seemed to fear that in the future they might want to form an obstructionist minority. They, and the present opponents of effective civil rights legislation, fail to see that minority rights are those protected by the Constitution; the freedom of a minority to debate is not the privilege to annul the will of the majority, when that will would respect minority rights...