Word: regas
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...very good health, just like Argentina." That was the sanguine remark of Josó López Rega, Argentina's star-gazing gray eminence, as he arrived last week in Madrid, supposedly to become a special ambassador from Buenos Aires in Europe. In fact, his comment was inaccurate in almost every respect...
...Rega had just been forced to resign as Minister of Social Welfare and personal secretary to President Isabel Perón-the positions that had made him the most powerful man in Argentina. Mrs. Perón, who has erratically governed the country since the death of her husband a year ago, was clearly in poor physical and emotional health. Argentina seemed to be teetering ever closer to economic collapse...
...order to speed up recovery from a bout of the flu. Some Argentines suspected, however, that the President's medical problems were more serious than her doctors would admit. Speaking to a crowd of 3,500 Perónist women on the day of López Rega's departure, she gripped the microphones until her knuckles whitened and ominously declared: "Do not forget General Perón, who gave his life in pursuit of national unity even as I am doing at this very moment." Even to television viewers, the President looked overwrought and almost skeletal. Last...
Economic Ruin. Whether or not Mrs. Perón requests a leave, it was apparent that she had already lost much of her power. She staked her prestige -and that of Lopez Rega-on a rollback of union wage claims, but was beaten last month when labor wrested UP, increases of up to 145% (TIME, June 23). That defeat spelled the end for the trusted coterie of advisers on whom she had relied since coming to power...
Meanwhile, the government was giving every indication that it was not even prepared to exercise firm control. Most unsettling was the disappearance of Strongman López Rega early in the week. Just as the crisis was mounting, he announced that he had not been feeling too well lately and was going on a brief holiday. Since then, various rumors have put him in Spain, Italy, Brazil and the U.S.; he has also been reported to be still in Buenos Aires or on an air force base near the city. Wherever he was, there was a growing suspicion among Argentines...