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...candidates from among whom Juan Carlos will ultimately choose his own Premier. By replacing aging and unreconstructed rightists on the council, Juan Carlos could in effect select his own candidate ahead of time. Among the leading possibilities are Manuel Fraga Iribarne, 53, a center rightist and former Minister of Tourism; and José Maria de Areilza, Count of Mortrico, 65, a monarchist and former ambassador to Washington...

Author: /time Magazine | Title: SPAIN: The Start of the Post-Franco Era | 12/1/1975 | See Source »

...dissension within the ruling elite is only one expression of a central tension in Spanish society and politics. When the fascist state took power after the civil war, Spain was an underdeveloped country dominated by large landowners and independent peasants. But since 1945 tourism, foreign corporations, and emigrant labor have brought Spain a 7 per cent annual growth rate, the highest in Europe. This Spanish "economic miracle" created a large middle class un-sympathetic to fascist ideology and excluded from the political system. The bunker considers anything to its left as "communist", as did Franco himself, so that middle class...

Author: By Jonathan Zeitlin, | Title: The Future of Spain | 11/14/1975 | See Source »

...source. The Mexican government plans to assume control of the resort and its $8.9 million debt, opening the gate to anyone who can afford entrance. Government officials are confident that the "Mexicanized" enterprise will pay its way, and have promised to split the profits-51% for the ministry of tourism and 49% for the man whose initials are still on the gate: Troy V. Post...

Author: /time Magazine | Title: ENTREPRENEURS: Paradise Lost | 11/10/1975 | See Source »

...easy credit terms and attractive plant sites as incentives to set up shop in Spain's capital-starved provinces. Some 70 companies moved into the city of Valladolid within four years, bringing $75 million in investments and 8,200 new jobs. Similar boom towns sprang up throughout Spain. Tourism flourished beyond the technocrats' wildest imaginings when Spam's stern moral codes were relaxed to permit bikinis on beaches where 15 years before men had been arrested for not wearing tops. Sleepy fishing hamlets on Spain's southern coast were suddenly flanked by burgeoning glassy skylines...

Author: /time Magazine | Title: The World: FINIS: 36 YEARS OF IRON RULE | 11/3/1975 | See Source »

...Tourism is as valuable as wells, and 50 new hotels are now either being built or are under consideration. Egyptian officials also expect the reopened Suez Canal to eventually bring in $450 million a year in foreign exchange. Traffic through the canal has picked up steadily since it was reopened last June-though it is still below the 1967 level-and Japan recently granted a $100 million loan to widen and deepen it. "We are in a transition period and we have serious problems," says Sayed Marei, President of the Egyptian Parliament and one of Sadat's top advisers...

Author: /time Magazine | Title: MIDDLE EAST: Cementing Sadat to the West | 11/3/1975 | See Source »

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