Argentina Faces Ongoing Struggles After Coup
Buenos Aires observers say the March coup did not end Argentina's 16 year political and economic turmoil. Lanusse, now president, vows to restore civilian rule and elections, but inflation surges, unions push for pay raises, and social unrest grows amid mixed signals on timing.
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Higher steel wages to fuel inflation official maintains
Cort argued government cannot risk boosting power unless sure of success and that steel producers would raise prices about eight percent this year and in each of the next two years. He noted a 6.6 percent first half 1971 hike and a total 26 percent rise to stay even amid rising costs. He said industry faces inflation and pollution costs with no relief from the administration, shifting the burden to consumers. Submarine flooded at wet dock near Liverpool. HMS Conqueror damage limited to non reactor areas.
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