Spain: A Hint from the Caudillo

Over the past 26 years, Francisco Franco's broadcast to his nation has become as much a part of Spanish year-end tradition as eating grapes in rhythm to the strokes of midnight in Madrid's Puerta del Sol. Last week the speech carried special interest. Many Spaniards hoped that Franco, now age 73, would indicate his answer to Spain's biggest question: After Franco, what?

They had to listen carefully. Looking spry and fit in a dark grey business suit, the Caudillo told a nationwide radio and television audience that he wanted peace on earth, social progress, economic advancement and Gibraltar—where, he...

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