After two years of exchanging glares and stares instead of goods, the U.S. and Argentina finally came to a working agreement last week. For both countries the new understanding meant a major change in policy. Said Secretary of State Dean Acheson at his press conference: it is "entirely natural" for the U.S. to be considering a loan to Argentina.
Before the new understanding, the U.S. had steadfastly refrained from offering help to the tottering Argentine economy, in the pious hope that the need for assistance might persuade Peron to restore full civil liberties and stop acting like a cut-rate dictator....
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