Word: argentinas
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Dates: during 1970-1979
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Hector Cámpora's first week as Argentina's new civilian President was marred by bloody rioting that left four dead and dozens wounded. Things have gone downhill since then. Despite his well-meaning efforts to chart a moderate direction for his new Peronist government, Cámpora now seems to be on a collision course with the People's Revolutionary Army (ERP), 30,000 Trotskyite terrorists who are responsible for most of Argentina's recent wave of kidnapings and murders...
Thus, inauspiciously, did seven years of military rule end in Argentina. In a sense, the troubled mood of inauguration day symbolized the difficult task of governing that faces Cámpora in the days ahead. Under the heavy-handed and economically inept military government of General Lanusse, inflation was a staggering 80% last year, third highest in the world (after Chile and Uruguay...
...Argentina's economic morass was not the only reason why General Lanusse decided to restore civilian rule. He clearly sensed the national disenchantment with the military junta that had ruled Argentina since 1966, and the overwhelming persistence of the Perón mystique. Despite his extraordinary decision to step down from power and allow free elections, Lanusse (see box) is obviously unhappy that the Perónists will be running the country. Just how they plan to do it has many wondering, especially the U.S., which has investments in Argentina worth $1.3 billion...
Ironically enough, the Perónists, despite their neofascist legacy, may choose to govern with a blend of nationalism and mild Marxism, which means more government control over industry and the economy. In foreign policy, Perón clearly wants to restore Argentina to leadership of Spanish-speaking Latin America, thereby countering the influence of both Portuguese-speaking Brazil- its traditional rival...
While Perón will continue maneuvering Argentina's new foreign policy posture, he knows that he cannot move too quickly or too far; the military remains a strong check on any precipitous drift to the left. Thus Cámpora has been instructed to move cautiously...