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...years of independence. Five months ago, ending a decade of military rule, Bolivia held presidential elections that alas produced no clear-cut results. Congress then selected Walter Guevara Arze to serve as interim President until another vote could be held next May. Last month Colonel Alberto Natusch Busch, a former commander of the military training school, ousted Guevara in a coup. But Natusch decided to vacate the presidential palace-literally through the back door -after widespread protests against his usurpation. Ignoring the fact that Guevara was, at least technically, the country's lawful acting President, Congress named...

Author: /time Magazine | Title: BOLIVIA: Revolving Door | 12/10/1979 | See Source »

...armed forces. Three days after she was presented with the red, gold and green ceremonial sash of the presidency, Gueiler was handed a blunt de mand by a coalition of young pro-democratic army officers. Its substance: that she oust all of the high military officials appointed by Natusch, including General Luis Garcia Meza, a right-wing officer who had been named commander of the army. Gueiler was happy to oblige; she selected General Rene Villaroel, a moderate officer, for Garcia Meza's post. But Garcia Meza, backed by the army's conservative senior officers, would not vacate...

Author: /time Magazine | Title: BOLIVIA: Revolving Door | 12/10/1979 | See Source »

...decisions. In essence, Bolivia is broke. A representative of the International Monetary Fund has recommended a devaluation of the Bolivian peso, which is artificially pegged at 20 to the dollar, to help solve a complex of economic problems ranging from severe inflation to a foreign debt of $3 billion. Natusch, unrealistically, had promised to attack these economic woes by raising workers' salaries "without provoking inflation and without devaluing the currency...

Author: /time Magazine | Title: BOLIVIA: Revolving Door | 12/10/1979 | See Source »

...package of tough new policies. Among them: a stiff hike in the price of gasoline and other fuels and a 25% peso devaluation. But her tough new plan provoked a warning from the heads of the powerful Central Labor Federation, which had sponsored a general strike that helped propel Natusch from office. Workers, declared Federation Leader Juan Lechin Oquendo, "will not accept economic measures that affect their income." If Gueiler's new proposals are carried out, he threatened, his followers were ready to "struggle in the streets...

Author: /time Magazine | Title: BOLIVIA: Revolving Door | 12/10/1979 | See Source »

...Though Natusch promised to let the May election take place, the COB rejected the plan, leaving the composition of a new regime unsettled...

Author: /time Magazine | Title: BOLIVIA: Next: No. 189? | 11/19/1979 | See Source »

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