When the Andes Agreement, Argentina's one-year contract to sell meat to Britain, ran out last week, President Juan Peron sent a brisk, brusque message to Britain. Until a new agreement was reached, he said, Argentina would ship Britain no more than 10,000 tons of beef a month, less than a third of the recent rate of delivery. Furthermore, it would do that only at a price to be set in a new agreement—and Argentina had so far held out for a boost of around 100%.
Neither side showed any disposition to give in. The British were angry because Argentina had failed to...
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