Word: junta
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Dates: during 1970-1979
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Somoza's resignation followed weeks of complicated negotiations between his decaying regime, the U.S. and the five-man junta that the rebels had named as Nicaragua's provisional government. At first, Somoza stalled, apparently hoping that his powerfully armed 12,000-member national guard might still reverse the tide of battle. But by the beginning of last week even Somoza could see that further resistance was futile. He agreed to the rebel junta's plan for turning over power to the new regime. The first step would be for Somoza to resign and leave the country...
Somoza has admitted that he is willing to resign. Trouble is, he keeps making preconditions that are difficult for the U.S. and the opposition junta to accept. He wants guarantees that his Liberal Party will survive as a Nicaraguan institution. More important, he insists that he be given assurances that his 12,000-man National Guard will be preserved, in one form or another, and that his chief subordinates, both military and civilian, will not be imprisoned or executed by the next government. Says one foreign observer who knows Nicaragua well: "Somoza is watching out for himself. If he doesn...
After several hours of discussion with Bowdler, the opposition junta responded with a program that the U.S. envoy described as "quite a bit different from the one that we were thinking of." In brief, the junta demanded 1) Somoza's immediate resignation, to be accepted by Nicaragua's present servile congress; 2) the installation of the junta as the country's new government under a new constitution; and 3) the amalgamation of acceptable elements of the National Guard with Sandinista fighters in a new law-and-order force. The group promised that all Somoza officers and civil...
...Chile, the company worked out a deal with Daniel Fuenzalida, chief economic adviser to General Gustavo Leigh, a member of the ruling junta. Fuenzalida and others formed a company called Chilco, which the SEC said was to be paid .5% of the value of any contracts that ISC secured in the country. One member of Chilco was Benjamin Rencoret, who was and is a Chilean honorary consul in Houston. Despite payments of $30,000 to Chilco, the company failed to get the contract it was seeking: construction of a $375 million liquefied natural gas plant...
That will not be for a while. Junta Member Ramirez estimates that the provisional government will stay in power for two to five years, "the time it takes to establish the basis of a genuine democratic development in Nicaragua." Most of the junta's other prescriptions for the country are vague, save for one pledge repeated over and over by rebel leaders: the lands and holdings of the Somoza family in Nicaragua, estimated at up to $500 million, will be confiscated and administered by the new government...