Peru: A President in Office

On the face of it, Peru last week had as much reason for rejoicing as Argen tina. After free elections, the military junta that had been running the country for more than a year stepped peacefully aside for the inauguration of President Fernando Belaúnde Terry, 50, a vigorous and ambitious architect. Peru's economy, left in good shape by the sound policies of ex-Premier Pedro Beltrán, and well tended by the interim military government, was in blooming health. The sol is one of the solidest currencies in Latin America. Foreign reserves stand at...

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