Word: argentina
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After precisely eight months and twelve days in office, President Roberto Eduardo Viola last week was removed by Argentina's ruling three-man military junta. Early in November, Viola, 57, had stepped aside voluntarily to recuperate from a heart ailment. He yielded power to an interim President amid widespread rumors that he would be permanently replaced because of his notable lack of success in managing the country's deepening recession. Indeed, repeated attempts were made by junta members to convince Viola to hand in his resignation. Then last week the junta summoned the stubborn President to army headquarters...
Viola's brief reign was a general disaster. Though Argentina was already in serious economic trouble when he took office last March, Viola led his resource-rich country into the worst economic crisis in its 165-year history. Successive government currency devaluations have plunged the Argentine peso from 2,000 to the dollar to 10,000 to the dollar. Inflation is raging at 120%. As much as half of the country's industry has come to a standstill, and some 13% of the work force is unemployed. An estimated 2.2 million skilled and professional Argentines...
...coup that overthrew the government of Isabelita Perón and resulted in a bloody campaign to rid the country of leftist terrorists. The down-to-earth Galtieri, 55, is said to be well-liked in Washington and is expected to move swiftly to restore economic order to Argentina. But his stewardship of el proceso, as skeptics disparagingly call Argentina's agonizingly slow return to democracy, will be judged by how quickly he restores civilian rule to the country...
South Florida are poor. Inspired by the Nicaraguans who fled their country after the downfall of President Anastasio Somoza in 1979, wealthy families from El Salvador, Guatemala, Venezuela and Argentina are nervously preparing a South Florida refuge in case their own governments totter. They are pouring their fortunes into Miami banks; it is estimated that as much as $4 billion in Latin exile money is socked away in Miami...
...Argentina you must do a year of military service, so I'll be going back there," Keller-Sarmiento said. "After that I'll probably work there for a year and a half and then come back to the states for business school or perhaps to study government. And also to play some alumni games against my brothers," he adds...