Word: frondizi
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...Buenos Aires last week, the elected President, Arturo Frondizi. managed to cling to his job through just one curious advantage: his Vice President, Alejandro Gomez, had already been sacked in another crisis ten months before, and Argentina's rebellious military could find no constitutional successor to take over Frondizi's post. Dealing from new strength gained by open revolt (TIME, Sept. 14), the army began purging all pro-Frondizi officers from key positions of command. It was, in a word, a typical week...
...plot was originally set for the last week in July. But last month, former Dictator Juan Peron, exiled in the Dominican Republic, published what he said was a pre-election pact between himself and Frondizi. Thus provoked, the plotters moved up the date. At the signal-to be given by Rear Admiral Arturo Rial-the traditionally anti-Peronist Córdoba garrison would rise, and warships from the Rio Santiago and Puerto Belgrano bases would steam along the River Plate and blockade Buenos Aires. It was roughly the same plan that toppled Peron in 1955-Fatal Flaw. But the plan...
President Frondizi thus won time to deal with the broad spectrum of opposition in the armed forces. He fired most of his Cabinet. Notable exceptions: Interior Minister Alfredo Vitolo and the three service secretaries, who were deemed needed to pressure the forces into discipline. Next day Vitolo summoned all the political parties except the Communists and Peronistas, outlined the threat of coup, got all but one of them to agree to support President Frondizi and civilian government against the military. Said the Socialists, who the night before had been demanding Frondizi's resignation: "We are for legality...
...Austerity Czar. Frondizi went on to consult with big businessmen, stockbrokers, landowners, bankers-the group Argentines call the fuerzas vivas (productive forces)-and announced a new Cabinet. Key man, as Minister of Economics, was Alvaro Alsogaray, 46, a tough, bouncy free enterpriser in the Ludwig Erhard mold. Said he to Frondizi: "I will carry out your austerity plan, but with my own methods and my own team...
When the stormy week ended, Frondizi had the backing of big business, the neutrality of a large section of the military, a truce with most of his political opponents. For the first time in weeks, he pulled a beret on his head and took a half-hour stroll on downtown streets. "It may be merely another trick," moaned a coup-bent general-from his hiding place...