SPAIN: Rickety Band Wagon

Wealthy ex-Smuggler Juan March (el Ultimo Pirato del Mediterráneo—also called el Yanqui), whose gold financed Francisco Franco's Fascist triumph over Republican Spain, once said of himself: "I can smell money." Now nearing 90, his nostrils are still sensitive. Last week they sensed a dismal future for the regime Juan March had helped to power.

To Dr. Demetrio Porras, Panama's Minister to London, Juan March (presumably in Portugal) grumbled: the Spanish Civil War is not over, because political prisoners are still held and there is no real unity in the country; Spain's future depends on restoration of the monarchy with support of...

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