Word: argentinas
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...Argentina's messy bankbooks
...Argentina $37 billion or $43 billion in debt? Last week Argentine leaders were asking that billion-dollar question. Only three weeks after an international rescue squad of public and private lenders had saved Argentina from missing the deadline for a $500 million interest payment, that country's finances appeared to be a more confusing mess than ever...
Much of the confusion is due to the military government that ruled Argentina from 1976 until last year. Says Hector Valle, who served on a commission that has been probing the debt question: "What happened was, of course, that the former regime didn't keep any close reckoning of what it spent." Among the sketchily recorded outlays was an estimated $5 billion used for the 1982 Falklands war. Earlier disbursements of nearly $6 billion may have been lavished on such items as procurement of military hardware and the movement of troops. Adding to the confusion is the fact that...
With heavy meaning, Galtieri then told me, "I cannot fail to express to you that I have received offers of aircraft, pilots and armaments from countries not of the West. Last night at midnight, a Cuban plane arrived in Buenos Aires carrying Emilio Aragones Navarro, the Cuban Ambassador to Argentina, who brought an urgent letter to me from Fidel Castro." That the Soviets, despite their preoccupations in Poland and Afghanistan, should have sent the Cubans to scout a target of opportunity as tempting as Argentina was hardly astonishing. At one point, Galtieri confided that the Russians had insinuated that they...
...return to Argentina, I found its leaders still incredulous at Britain's resolve. "I am truly surprised," said Costa Méndez, "that the British will...