ARGENTINA: Everybody Happy

The setting was the same as for the telephone company purchase a few weeks earlier (TIME, Sept. 16). The same Argentine officials crowded the Salón Blanco at Government House, the same newsreel cameras ground away. Juan Perón was present, smart in a grey lounge suit. Then British Ambassador Sir Reginald Leeper stepped forward to sign his Government's new trade agreement with Argentina.

The agreement had been reached, after weeks of bluff and haggle, when Peron sent his negotiators to intercept the British experts just as they were packing their bags to leave Buenos Aires. It...

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