Word: frondizi
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...Argentina's Arturo Frondizi, Peru's Manuel Prado, Guatemala's Miguel Ydigoras Fuentes, Ecuador's Carlos Arosemena, Dominican Republic's Juan Bosch, Honduras' Ramén Villeda Morales...
...Much Oil. The contracts, signed between 1958 and 1960 by President Arturo Frondizi's government, made good economic sense - at first. Hampered by featherbedding and outmoded equipment, Argentina's 56-year-old state oil company, called Y.P.F., has never been able to meet the country's demand. By 1958, Y.P.F. was producing only 35% of the country's needs, and the rest - roughly $250 million worth - had to be imported, which caused a severe drain on the nation's balance of payments. Determined to make Argentina self-sufficient, Frondizi ordered Y.P.F. to expand, and invited...
Many Italians drifted into politics. Since the social revolution triggered by Dictator Juan Perón (who was of Italian ancestry), Argentina's presidential palace has been home to a Lonardi, Frondizi, Guido, and now to Dr. Arturo Illia-all of them of Italian descent. Today, 1,200,000 of Argentina's 21 million people are Italian-born, and another 7,000,000 have Italian blood in their veins...
...punctuated by nasty little fights between warring military factions. Nevertheless Argentina managed to grope its way back to a constitutional government that took office with new hope. Mature and stable, Illia is a small-town doctor whose middle-roading People's Radicals grew out of a split with Frondizi's Radicals in 1957. His cabinet is notable for a lack of big names; most of them are calm, dedicated professional men in their...
Since his election last July, Illia has said next to nothing about how he intends to govern. He is considered pro-West and pro-free enterprise, though he campaigned on a nationalistic platform threatening to annul the controversial oil contracts signed by Frondizi's government with foreign companies between 1958 and 1960. Last week, a national investigation board ruled that the contracts, in effect, were illegal. Yet Illia has said privately that the whole oil issue has been blown out of proportion, and he is expected only to renegotiate the contracts on terms more favorable to Argentina...