"In view of the situation reigning in the country, I feel obliged to decline the offer of the front." With that terse statement, Juan Domingo Perón last week renounced the presidential candidacy offered him by the Justicialist Liberation Front, a coalition of his supporters. Minutes later he boarded a plane for Paraguay, the country that had given him political asylum following his ouster in a coup 17 years ago.

It was an anticlimactic end to what Perón had hoped would be a return to power after twelve years of exile in Madrid....

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