ARGENTINA: Hope from a Clockwork Coup

Buenos Aires one year ago was a city on the edge of anarchy. Almost daily, terrorists of the left and right kidnaped or murdered business executives, military officers and union leaders. Bombs ravaged army barracks, public buildings and vital industries. Under the inept government of Juan Perón 's widow Isabel, inflation in Argentina was galloping at an annual rate of 350%. The Treasury, down to its last foreign reserves, was about to default on its overseas debt. Then, on March 24, in a bloodless, clockwork coup, the military deposed Isabel Peron from...

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