Word: argentina
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...specific industry and specific regions, it often develops a greater depth of intelligence in its specialties than is possible for the CIA, with its worldwide responsibilities and tendency to throw resources at the biggest brush fire. Chubb, Skold says, started seeing the first signs of trouble in Argentina two years ago, thanks to the insight of an underwriter who had spent considerable time in the country developing contacts within government and business. Early last year, Chubb forecast that an economic meltdown would make currency transfers impossible. As a result, it stopped offering insurance for short-term loan agreements nearly...
Institutions like the IMF and the World Bank, as well as generous countries of goodwill, should think twice before throwing good taxpayers' money after bad in aid of Argentina [LETTERS, Feb. 4]. Argentina needs to reinvent itself. Its recurrent crises are neither economic nor political. They are moral and rooted in Argentine society. The people spend most of their energy on cheating the system. JORGE GONZALEZ Cascais, Portugal...
...Noted "We thought we were in bad shape before. Now we're almost nostalgic for October, when unemployment was only 18%." FEDERICO THOMSEN, senior economist at ING Barings in Argentina, on the fast deteriorating state of the nation's economy...
Given some of those who took advantage of Perón's hospitality, this last revelation is as deplorable as anything in Goñi's investigations. The roll call of indicted Nazi war criminals who ended up living more or less openly in Argentina until Perón was overthrown in 1955 includes Adolf Eichmann, Josef Mengele, Eduard Roschmann, Klaus Barbie, Ante Pavelic, Gerhard Bohne and Erich Priebke. This may be a matter-of-fact account of a sordid incident. But by keeping emotion at arm's length Goñi heightens the impact...
...also a courageous book. At the outset Goñi, the son of an Argentine ambassador, asserts that Argentina is a morally-blind country with a "fabricated" history that anyone can tailor to their requirements. He compares Perón's corrupt rule with the murderous 1976-83 military dictatorship that did away with 20,000 of its opponents. Both regimes, he argues, existed because Argentines opted for silence in the face of evil. Goñi has laid down a challenge to the "wall of silence" mentality that allowed Argentina's history to be so sordidly stained...