As soon as President Juan Domingo Perón gave the signal last fall, Argentina's Government press went lyrical over his Five-Year Plan. The Plan Quinquenal, chorused the press, would bring hydroelectric plants, irrigation, new ports, housing, highways, airports and all the benefits of modern industrialization to Argentina. The cost: $1,650,000,000. But for several months now Perón's papers have been silent. Last week the reason for the silence became as obvious as the unbuilt dams. Argentina is short of money for the plan.
The plight of the plan, and of Argentina, was summed up in a blunt letter written to Perón by...
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