"Are we imperialists—with only 16 million inhabitants?" asked Juan Perón last week in mock amazement. "We haven't gone crazy yet," he added. Argentina's President was assuring a group of Brazilian newsmen that he had no designs on his neighbors. "It has been said that we want to resurrect the old viceroyalty of Rio de la Plata [which included Uruguay, Paraguay and part of Bolivia]. When they say that, I always say: 'We have lots of land and we don't need any more.' "

Perón had made time for the interview in one of his busiest weeks. It was Argentina's annual army...

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