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...Argentine people were prepared for the worst when President Pedro Aramburu and Finance Minister Roberto Verrier went on the air last week-and the worst is just what they got. In blunt introductory remarks, the President lambasted both "egotistical businessmen" and workers who believe "that the supreme social achievement is well-paid laziness." Then he turned the microphone over to Economist Verrier, who told the story in terms of pesos. Argentina, according to the minister's figures, is consuming and featherbedding its way to 'bankruptcy...

Author: /time Magazine | Title: ARGENTINA: Going for Broke | 4/1/1957 | See Source »

ARGENTINA By June 20, 1958 A general who seized presidential power by force promised flatly last week that he would freely set it aside, and put a deadline on his promise. Said President Pedro Aramburu, on a speechmaking tour of southern Argentina: "This government expects to deliver power to legally constituted authorities by June 20, 1958 at the latest...

Author: /time Magazine | Title: ARGENTINA: By June 20, 1958 | 3/4/1957 | See Source »

Next July, said Aramburu, his regime will hold elections for constituent assemblies, which are supposed to revise the national and provincial constitutions, chiefly strengthening Congress and the courts at the expense of the executive branch. In about one year a civilian President and Congress will be elected to take over from Aramburu and his fellow officers, who have already promised that they will not be candidates. "The revolution," said the President, "has no owner and will recognize no heirs...

Author: /time Magazine | Title: ARGENTINA: By June 20, 1958 | 3/4/1957 | See Source »

...though to stress the fact that he would never run for office, Aramburu made little attempt to win popularity on his trip to the south. The petitioners who besieged him for schools, hospitals, street paving-and Salk vaccine-got patient, unsmiling audiences but few promises. A worker on the state railways wanted a transfer to another job: Aramburu crisply reminded him that the railways have 30,000 surplus employees. A delegation wanted the government to build their city a recreation hall. "For a billiard parlor?" asked Aramburu. "That sport of idlers...

Author: /time Magazine | Title: ARGENTINA: By June 20, 1958 | 3/4/1957 | See Source »

...speeches, Aramburu was equally austere. "No one should delude himself about our financial situation," said he. "On May 31, 1946, our dollar reserves were $1,643 million; on Sept. 23, 1955, they were down to $284 million, and we owed $412 million in short-term debts. Our balance of payments shows a yearly deficit of about $250 million. Argentines, it is necessary to work more...

Author: /time Magazine | Title: ARGENTINA: By June 20, 1958 | 3/4/1957 | See Source »

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