ARGENTINA: Prudence over Pomp

When he first ruled Argentina, Juan Perón doted on Latin pomp and dictatorial ceremony. Thus it might have been expected that his inauguration as President last week, after nearly 18 years of exile, would be celebrated with triumphal parades and week-long fiestas. Instead, Peron, 78, and his Vice President, Wife Isabelita, 42, took office with military efficiency—and security.

Though Perón was escorted to the National Congress by the traditional cavalry escort in 19th century uniforms, truckloads of troops in 20th century battle dress were interspersed among the horses. Running alongside the presidential limousine were at least a dozen bodyguards, covering...

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