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...Thatcher exults, Galtieri falls and Reagan faces Latin anger...

Author: /time Magazine | Title: And Now, to Win the Peace | 6/28/1982 | See Source »

...Today has put the Great back in Britain." So said an exultant Prime Minister Margaret Thatcher last week as she greeted the euphoric crowd that had gathered outside 10 Downing Street, cheering and singing Rule Britannia, to celebrate Britain's victory in the ten-week war for the Falkland Islands. An emotional Thatcher shook hand after hand, and declared, "This is a great vindication of everything we have done. It proves that everything that we thought was right. What a night this has been for Britain! What a wonderful victory...

Author: /time Magazine | Title: And Now, to Win the Peace | 6/28/1982 | See Source »

...chief by Major General Cristino Nicolaides. Said Galtieri, following his removal from power: "I am going because the army did not give me the political support to continue." In fact, Galtieri's fall may have been hastened by crowds of a very different sort from those that greeted Thatcher. Frustrated and angry at their country's defeat, some 5,000 Argentines had gathered in the Plaza de Mayo in central Buenos Aires, throwing coins at the President's palace to symbolize a "sellout" surrender, and chanting, "Galtieri to the wall!" It was one of the worst displays...

Author: /time Magazine | Title: And Now, to Win the Peace | 6/28/1982 | See Source »

...Thatcher's triumphal moment is unlikely to last. Two parliamentary investigations have been ordered into the conduct of the Falklands war. The first will examine the handling of earlier negotiations with Argentina for the islands. Many Labor M.P.s have been claiming that the Thatcher government misread Argentina's intention to invade. The other investigation will focus on the British Defense Ministry's censorship of information from the South Atlantic. Other questions are bound to arise, including Britain's decision to prune its conventional navy in favor of a strategic, submarine-based nuclear strike force...

Author: /time Magazine | Title: And Now, to Win the Peace | 6/28/1982 | See Source »

...Thatcher's commitment to British sovereignty and institutions in the Falklands has steadily hardened during the war. For the 1,800 Falklanders, she now favors a form of self-government just short of independence. In effect, the Falklands would cease to be a British colony and become a protectorate of the British Crown. Queen Elizabeth II would be represented by a High Commissioner with responsibility for defense and foreign affairs, who would govern with a six-member executive committee drawn from an elected legislative assembly of 20 to 30 members...

Author: /time Magazine | Title: And Now, to Win the Peace | 6/28/1982 | See Source »

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