Word: zuazo
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Dates: during 1950-1959
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...three nations most plainly in need of the kind of help the new bank can offer are Bolivia, Paraguay and Chile. But Bolivia's President Hernan Siles Zuazo has been backing a stern anti-inflation program with everything from hunger strikes to threats to resign, and there are hopeful signs of recovery. Paraguay's President Alfredo Stroessner, reinaugurated last week, has stabilized the currency, balanced the budget and held the rise in cost of living to a low (for Paraguay) 1% per month. And Chile's President Carlos Ibanez has sacrificed his personal popularity to back tough...
...South America than to any other region in the world. Of the 86 nations in the U.N.'s global cost-of-living index, Bolivia is in first place. Chile is second, Brazil and Argentina rank high. "A fire burning down our house," Bolivia's President Hernan Siles Zuazo calls inflation. "We will be lucky...
...struggle to pull Bolivia's economy back from the brink of ruin. President Hernán Siles Zuazo has had solid cash backing from the U.S. One day last week, surrounded by members of his Cabinet. Siles strolled through the sunshine from the presidential palace to the Congress building. There, in the first state-of-the-nation speech since his inauguration a year ago, President Siles made the unusual gesture of giving heartfelt public thanks...
This was gratifying news for President Hernán Siles Zuazo, who has backed the program with everything from a hunger strike to threats to resign, and for George Jackson Eder, an old Latin America hand who left International Telephone & Telegraph Corp. to supervise Bolivia's National Monetary Stabilization Council. But Juan Lechin, executive secretary of the powerful workers' confederation, was looking out for labor and labor alone. At the confederation's second congress last week, he burst into an impassioned defense of the featherbedding privileges that the workers took for their own after bringing the Nationalist...
...speech at the labor confederation, President Siles Zuazo pleaded, warned and quoted statistics to prove that austerity must stay. But as the workers' congress went on, labor sentiment still favored a general wage hike, with a general strike the alternative...