Word: peronist
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...President Carlos Saul Menem announced tough reforms to liberalize the national economy, his country may be on the verge of another financial collapse. After curbing inflation from a monthly rate of nearly 200% in July to 6.5% in November, Menem's program has hit several snags. Among them: the Peronist leader's failure to cut staff at any of Argentina's money-losing state enterprises and the resignations nearly three weeks ago of Central Bank President Egidio Ianella and Economy Minister Nestor Rapanelli and his deputy. The departures further weakened confidence in the economy. Argentina's currency, the austral...
After campaigning on a traditional Peronist platform urging higher salaries for workers but offering no real vision for solving the country's economic woes, Menem stunned the Peronist faithful by turning to the leaders of a giant multinational firm (Bunge & Born), a traditional enemy of theirs, to devise the new government's economic recovery plan...
...early 1980s and successfully prosecuted leading members of the brutal military junta responsible for the "disappearance" of more than 9000 alleged "subversives" during this period, but he also tried to democratize the unions. Predictably, his legislation calling for rank-and-file elections of union leaders was defeated by Peronist opposition in the Senate...
...Monday the black-market rate for dollars dipped below the official exchange rate for the first time since the austral plan was implemented by former President Raul Alfonsin in 1985, demonstrating credibility in the currency's new valuation. Investors and bankers were favorably impressed by the seriousness of the Peronist leader's austerity plan, which prompted the Buenos Aires stock exchange to rise 6.5% in a single day and sent monthly interest rates down 44 points...
...rights activist valued political stability at the expense of wrenching but necessary economic changes to correct the country's low productivity, over-regulation, bloated public payroll and money-losing state- owned companies. By the time Alfonsin began pushing for economic reforms in 1985, his popularity had eroded, and the Peronist-controlled Congress was able to block his moves...