Argentina: Mocking the Turtle

"Don't dust off that statue!" went the cartoon in an Argentine magazine. "That's the President himself!" Bitter jokes are beginning to revolve around President Arturo Illia, 63, the gentle country doctor who took office nine months ago. Illia's prescription was to sit back and hope that the rich land of wheat and beef would heal itself after 1 8 months of frenetic military rule. In the beginning most Argentines heartily agreed. Now, it seems, nothing is not enough.

Business for Cambos. Government statistics are months behind, and are politically doctored to boot. Respected private economists, from whom Argentines often get...

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