Word: argentinas
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Dates: during 1980-1989
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...total debt U.S. agricultural debt has piled up to $214 billion, more than the combined foreign debt of Mexico, Argentina, and Brazil, she says, arguing that "It is sad that we can let these countries off the hook" while the government sends foreclosure notices to American farms. Kelley, who proposes a three-year moratorium on farm foreclosures, says that next month the government will send out 65,000 foreclosure notices...
With that, Arslanian pronounced Jorge Rafael Videla, 60, President of Argentina from 1976 to 1981, and his navy commander, Admiral Emilio Massera, 60, guilty of homicide, illegal detention and other human rights violations. The two were stripped of their military rank and sentenced to life imprisonment. Three co-defendants, including Roberto Viola, 61, who succeeded Videla as President, were found guilty of lesser charges, deprived of military rank and given sentences ranging from 4 1/2 to 17 years. The remaining four officers--among them General Leopoldo Fortunato Galtieri, 59, who as President from 1981 to 1982 initiated the ill-fated...
...miracle for themselves. "We have profound admiration for the courage and skill with which the government has seized the nettle and acted to curb inflation and to set this country back on the road to growth," World Bank President A.W. Clausen told a group assembled at Argentina's Central Bank last week. David Mulford, Assistant U.S. Secretary of the Treasury, declared during a visit last month that Argentina would be an ideal candidate for his government's new Baker loans (named after Treasury Secretary James Baker), which will provide low-interest funds to help Third World debtors stimulate long-term...
Despite its remarkable progress, however, Argentina is far from cured. Economic experts agree that permanent recovery is dependent on the government's ability to lift wage and price controls without reviving inflation. Alfonsin must also induce more private investment and woo back the approximately $25 billion in capital that fled the country during inflationary times. Finally, the government will have to return to private hands some of the 300 or so state-owned enterprises, which lost a total of $2 billion last year. All of this will require public confidence that inflation has truly been conquered...
Alfonsin's Radical Party made a strong showing in congressional elections last month, an apparent sign that the public approves of the President's performance. But it is still too early for Alfonsin to declare a total victory in his campaign to restore international respect for Argentina. He has promised union leaders a still undetermined wage increase early next year to make up for lost purchasing power. Businessmen are clamoring for similar price relief. The trials next year of the 300 lower-ranking officers accused of crimes in the dirty war--and a separate trial, now under way, of Galtieri...